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Key Details
Sold Price $365,700
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,356 sqft
Price per Sqft $83
Subdivision Historic Downtown, I-95, Ct
MLS Listing ID 1256218
Sold Date 10/02/20
Bedrooms 7
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 4,356
Year Built 1900
Annual Tax Amount $3,500
Tax Year 2019
Lot Size 10,890 Sqft
Acres 0.25
Property Description
This 3 family home in the heart of Westerly has plenty of options as an investment property or to live in and rent the other two units. Offering a 2BR 1 BA on the first floor, 3BD 1BA on the 2nd floor, and 2BD 1 BA on the third floor, there is plenty of income potential. Connected to town gas, water and sewer and includes off-site parking for 4-6 cars. Located near downtown Westerly, Rt 95, Schools, and Westerly beaches with a great rental track record. Reserve your showing today! Great rent rolls, $3,275, Taxes: $3500, insurance, payments $2,059 per month, live for free or get $3275 income per month. Turn key! Cash on Cash return, 11.96%. Cap Rate 7.64% per numbers provided from owner. Income and Expenses available with showing and Pre approval or proof of funds.
Location
State RI
County Washington
Community Historic Downtown, I-95, Ct
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Heating Baseboard, Gas
Cooling None
Flooring Carpet, Hardwood, Laminate
Fireplace No
Appliance Electric Water Heater, Gas Water Heater
Laundry Common Area
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
Utilities Available Sewer Connected, Water Connected
Total Parking Spaces 3
Garage No
Building
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Clapboard
New Construction No
Others
Senior Community No
Tax ID 11SPRUCESTWEST
Financing Cash
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Bought with Keller Williams Coastal