32 Harris Avenue West Warwick

$815,000
8 4 2,979 sq ft

The Property

Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows, helping reduce near-term capital needs.

The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.

Read more

Listing Details

MLS Number

1416180

Lot Size:

0.40 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Tennis
  • Heating: Bottle Gas, Oil, Baseboard, Forced Air
  • Heating Fuel: Bottle Gas, Oil, Baseboard, Forced Air
  • Laundry
  • Paved Driveway
  • Year Built: 1910

See more features

Market Trends for Single Family Homes
in West Warwick

  • Overview
    Homes for Sale Today85-91.4% decrease in inventory
    New on Market *6132.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$307.97$6 increase in List Price/Sq.Ft.
    Avg. Sale Price *$451,626$16,286 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.68%-0.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$294.09$26 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *623 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by

Similar Listings

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!