Golf Course
Address
141 Archambault Avenue, West Warwick, RI
Price
$ 699,900
Property Attributes
- MLS#1357177
- TypePending
- CountyKENT
- CityWest Warwick
- NeighborhoodArctic
- Zip02893
- StyleCommercial
- Year Built1900
- Taxes$ 9739
- Price$ 699,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3600
- Lot Size4,356 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
OFFERS DUE TUESDAY 4/30 BY 11 PM Rare 8-unit apartment building. 7 one bedroom apartments and 1 studio. This asset produces over $105,000 in gross income annually yielding an NOI of approximately $60,000. Several of the apartments have been renovated in the last few years. A brand new high efficiency heating system with indirect hot water tank was installed within past 6 years servicing all apartments with heat and hot water which is included in tenant rent. Tenants only pay their own electricity. Off-street parking for 8 cars, fully fire coded, fully occupied make this the perfect turn-key investment property!
| Price History | |
|---|---|
| 4/22/2024 | Listed $699,900 |
General Features
| Sewer | Connected,Sanitary |
|---|---|
| Heating | Baseboard,HotWater |
| Cooling | None |
| Utilities | ElectricityAvailable,NaturalGasAvailable,NaturalGasConnected,MunicipalUtilities,WaterConnected,SewerConnected |
| Possession | Negotiable |
| HOA | 0.0 |
| Security Features | CarbonMonoxideDetectors,FireAlarm |
| Year Built | 1900 |
| Electric | CircuitBreakers |
| Tenant Pays | AirConditioning,CableTV,Electricity |
| Stories | 2 |
| Levels | Two |
| Property SubType | Commercial |
| Tax Year | 2023 |
| Gross Income | 105600.0 |
| OwnerPays | Gas,Heat,HotWater,Repairs,SnowRemoval,Sewer,Taxes,TrashCollection,Water |
| Business Type | Restaurant |
| Community Features | Golf,HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts |
| Assoc Fee Paid Per | Annually |
| County | Kent |
| Net Operating Income | 61000.0 |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Arctic |
| Garage Y/N | No |
| Status | Pending |
| City | West Warwick |
| Buyer Agent Compensation | 2% VNS |
| View Y/N | No |
| Senior Community Y/N | No |
| Lot Size Square Feet | 4356.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 8 |
| Street Name | Archambault |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 9739.0 |
| Electric Expense | 583.0 |
| Home Warranty Y/N | No |
| Fuel Expense | 2367.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/141-Archambault-AV-West-Warwick-RI-02893 |
| Days on Market | 11 |
| Structure Type | Apartment,MultiFamily |
| Lease Type | Gross |
| Standard Status | Pending |
| Occupancy Description | Tenant |
| Tax Assessed Value | 355300 |
| Tax Lot | 495 |
| Ownership Type | LLC |
| Cap Rate | 8.7 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | None |
|---|---|
| Total Stories | 2 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 3600.0 |
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Connected,Public |
|---|---|
| Total Parking | 8.0 |
| Lot Size Area | 4356.0 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 3600.0 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 02893
Price
Taxes
Visits
Year Built
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