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    OFF-MARKET
    Commercial real estate

    4 Kenyon St, West Warwick, RI 02893

    Built 1927
    Property ID
    US76-0124890
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a rare chance to acquire a multi-family property situated on a substantial 10,628 square foot lot in West Warwick, Rhode Island. The property, located at 4 Kenyon Street, zip code 02893, comprises two separate buildings constructed in 1927. In total, the property offers seven rental units: four one-bedroom units and three two-bedroom units. These units generate a substantial annual rental income of $8,798. The five-unit building features individual utility meters, with tenants responsible for their own heat and electricity. The remaining two-unit building has tenants covering electricity costs, while the owner manages heating expenses. A convenient on-site coin-operated laundry adds to the property's appeal and income potential. Ample off-street parking is available for residents and guests. This property is zoned for both commercial and residential use, offering flexibility for future development or expansion. The asking price for this lucrative investment is $929,900. Don't miss this opportunity to acquire a well-maintained, income-generating property in a desirable Rhode Island location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1927
    UPID US76-0124890
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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