Address
145 Archambault Avenue, West Warwick, RI
Price
$ 699,999
Property Attributes
  • MLS#1357398
  • TypePending
  • CountyKENT
  • CityWest Warwick
  • NeighborhoodArctic
  • Zip02893
  • StyleMultiFamily
  • Year Built1900
  • Taxes$ 9739
  • Price$ 699,999
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage3600
  • Lot Size0.1148 Acres
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
4/23/2024 Listed $699,999

General Features

Interior Features TubShower
Sewer Connected
Heating Baseboard,Gas
Cooling None
Utilities SewerConnected
Possession Negotiable
Appliances GasWaterHeater,WaterHeater
HOA 0.0
Garage Spaces 0.0
Construction Materials Drywall,VinylSiding
Year Built 1900
Electric CircuitBreakers
Property SubType MultiFamily
Tax Year 2023
Assoc Fee Paid Per Annually
County Kent
Operating Expense 39163.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Arctic
Garage Y/N No
Total Rooms 24
Status Pending
City West Warwick
View Y/N No
Senior Community Y/N No
Total Units 3
Lot Size Square Feet 5000.0
Waterfront Y/N No
Carport Y/N No
Street Name Archambault
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9739.0
Home Warranty Y/N No
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/145-Archambault-AV-West-Warwick-RI-02893
Days on Market 10
Structure Type Apartment
Standard Status Pending
Tax Assessed Value 355300
MobileHomeRemainsYN No

Interior Features

Basement None
Flooring CeramicTile,Hardwood,Laminate
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
Full Baths 8
Street Suffix Avenue
Total Bedrooms 8
Electric On Property Y/N No
LivingAreaSource PublicRecords
Total Baths 8

Exterior Features

Parking Features NoGarage
Water Source Connected
Total Parking 8.0
Lot Size Area 5000.0
Number of Buildings 1
Spa No
Building Area Total 3600.0
Lot Size Acres 0.1148
Lot Size Units SquareFeet
Covered Spaces 0.0
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
AVG $400K
$700K
Taxes
AVG $5,117
$9,739
Visits
AVG 207
77
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1900