130 Water St Water StWarren, RI 02885

Property Details for 130 Water St Water St

Year built

1900

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Warren

County

Bristol

State

Rhode Island

Latitude

41.7329

Longitude

-71.2852

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