1055 Main Street West Warwick

Currently oil is used to fuel two heating systems while Natural Gas is available and a lateral runs into the property. Tenants pay electric, Landlord pays for 4 of the 6 units hot water, sewer, taxes and insurance. Unit 1 tenants pay for fuel (oil) and Unit 6 pays electric heat as well. Building consists of 3- 1 bedroom und 3- 2 bedroom units. All tenants are on leases. Unit 1 & 2 have private entrances.

7 garages are located behind 1055 Main St and 2 are located on Youngs Ave. No utilities service the garages.

Sewer assessment is paid in full. Roof on the 6 unit was replaced in 2019. Building is fire alarmed and inspected semi-annually. The property is connected to municipal water & sewer with no assessments outstanding. Unit 2 was renovated this year. Unit 1’s kitchen was updated in 2020. Range in Unit 3 does not convey. Units 1 and 3 have laundry hookups. A laundromat facility is conveniently located 1/4 mile away on Main St. Three lots convey in Plat 4, lots 85, 163, & 294. Seller is doing a 1031 exchange.