130 Water St Water StWarren, RI 02885

This exceptional investment opportunity presents a legal eight-unit multifamily property located at 130 Water Street in Warren, Rhode Island, 02885. Built in 1900, the property sits on a 4,051 square foot lot. Each of the eight units is a one-bedroom, one-bathroom apartment. On-street parking is available for residents. Currently, the rents are below market value, presenting a significant opportunity for increased profitability. The property includes six mini-split heating and cooling systems, one electric water heater, four gas water heaters, and one additional water heater. A full profit and loss statement is available upon request, providing a comprehensive overview of the property's financial performance. The seller is offering attractive seller financing with a 30% down payment. This property offers substantial value-add potential through rent increases and further property improvements. The asking price for this unique investment is $1,300,000. Don't miss this chance to acquire a strong cash-flowing asset in a desirable Rhode Island location.