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Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,724 sqft
Price per Sqft $174
Subdivision Apponaug
MLS Listing ID 1340138
Sold Date 07/15/24
HOA Y/N No
Abv Grd Liv Area 4,724
Year Built 1900
Annual Tax Amount $10,473
Tax Year 2023
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 10.3% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors! Property is being sold AS IS.
Location
State RI
County Kent
Community Apponaug
Rooms
Basement Partial
Interior
Heating Forced Air, Gas, Zoned
Cooling Central Air
Furnishings Unfurnished
Exterior
Community Features Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Sewer Connected, Water Connected
Amenities Available Restaurant
Street Surface Asphalt,Paved
Total Parking Spaces 14
Building
Building Description Frame, Public Restrooms
Story 2
Foundation Concrete Perimeter
Sewer Connected, Public Sewer, Sanitary, Storm Sewer
Water Connected, Public
Level or Stories 2
Structure Type Frame
New Construction No
Others
Tax ID 3299POSTRDWARW
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s)
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