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71 Brookside Avenue West Warwick

$260,000
8 4.2 3,128 sq ft

The Property

Large legal 4-unit with two 1-bedroom units on the first floor and large townhouse style side by side 3-bedroom, 1.5 bath units on the 2nd and 3rd floors respectively. New roof, partial vinyl siding, new windows installed. This property is mostly gutted and ready for your complete rehab. The property still needs all new electrical and plumbing (some rough-in already finished), new heating, fire alarm, kitchens, baths flooring etc.

This major rehab will not qualify for FHA. this is cash or 203k only. Stamped, engineer plans included in the sale so you can expedite the permitting process and get started with renovations asap (see MLS attachments). Once complete this property should produce an estimated $5,700 per month in gross rental income and yield an estimated ARV of more than $500,000 based on comparables recently sold. Plenty of off-street parking in the rear for at least 6 cars, laundry room at the rear of the building, and proximity to a bike path all make this the ideal location for your next investment property or flip.

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Listing Details

MLS Number

1307717

Lot Size:

0.10 acres

Features

  • Basement: Full
  • Vinyl Siding
  • Heating: No Heat
  • Heating Fuel: Gas
  • Laundry
  • Type: Side/Side
  • Year Built: 1910

Market Trends for Multi Family Homes
in West Warwick

  • Overview
    Homes for Sale Today9-96.5% decrease in inventory
    New on Market *928.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$198.23$8 increase in List Price/Sq.Ft.
    Avg. Sale Price *$409,525$22,858 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.29%0.6% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$161.93$42 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *757 decrease 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 Premier Properties RI

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