Description
New to market! Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 9.7% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors!
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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4,724SQFT
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$190$/SQFT
School Ratings & Info
Description
New to market! Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 9.7% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors!
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