Sold

15 Thompson Street, Warren, RI 02885

Beds
5
Baths
5
Sqft
4,220

View property features, location on map, relevant school information and overview from seller's agent.

Listed byEngel & Volkers
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Overview

Fantastic turnkey investment property in the heart of historic Warren, RI in an Opportunity Zone! This meticulously maintained 5-unit apartment building features five fully-applianced, 1-bedroom units with individual electric meters and tenant-paid heat keeping owner expenses low. Ideally located just steps from downtown Warren, tenants enjoy boutique shops, award-winning restaurants, waterfront parks, and the popular East Bay Bike Path. Connected to city water/sewer and featuring durable vinyl siding, the property offers ample off-street and on-street parking on a quiet dead-end street. Rents are currently below market, providing significant upside potential for increased cash flow. A savvy owner can maximize income with three additional finished bonus rooms upstairs perfect as rentable office spaces, storage units, or even a shared workspace for additional revenue. Consider leveraging a DSCR loan to qualify based on the property's income rather than personal finances. An exceptional asset for investors or owner-occupants don't miss out!

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
5
Number of bathrooms
5
Square feet
4,220
Lot size (acres)
0.07
Year built
1900

Interior features

Basement
Yes, Unfinished

Exterior features

Area amenities
Golf Course

Utilities

Heating
Natural gas, Baseboard, Hot water
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$4,629

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: StateWide MLS MLS®#: 1382522 Last checked:

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