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141 Archambault Avenue West Warwick, RI $ 699,900
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$ 699,900 Get more info
141 Archambault Avenue
$ 699,900
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141 Archambault Avenue

West Warwick, RI, 02893
$ 699,900
Baths0.0 Sq 3,600

Monthly Estimate*

$ 4,652

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View a Virtual Tour
Studio

Commercial Property for sale in West Warwick, RI

for $699,900. This 3,600 square foot building was built in 1900 on a lot size of 0.1.

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!

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Commercial Pending

Price

$ 699,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,739

Style

Commercial

Lot Size

0.1

Year Built

1900

Town/City

West Warwick

County/Region

Kent

MLS | Web ID

1357177
Features
General
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
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 N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Arctic
Garage Y/N N
Status Pending
City West Warwick
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 0
Lot Size Units SquareFeet
Lot Size Square Feet 4356.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 8
Street Name Archambault
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 9739.0
Electric Expense 583.0
Home Warranty Y/N N
Fuel Expense 2367.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
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 Type Tenant
Tax Assessed Value 355300
Tax Lot 495
Ownership Type LLC
Cap Rate 8.7
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Interior
Basement None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3600.0
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 8.0
Lot Size Area 4356.0
Number of Buildings 1
Spa N
Building Area Total 3600.0
Street Suffix Avenue
Road Surface Type Asphalt
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 141
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* Excluded Features
List By
Premier Properties Ri

Broker

marc@premierpropertiesri.com

Email

Affordability Calculator

$5,463
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,652
Monthly Property Taxes
$812
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2024$699,900 Listed Price

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141 Archambault Avenue, West Warwick, RI, 02893 is a Commercial Property for sale at $699,900 with 3,600 sqft and a lot size of 0.1. 141 Archambault Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 02893 which is in West Warwick, RI

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