15 Thompson ST Save Request In-Person Tour Request Virtual Tour
Warren,RI 02885
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $258
Subdivision Downtown
MLS Listing ID 1382521
Year Built 1900
Annual Tax Amount $4,629
Tax Year 2024
Lot Size 2,918 Sqft
Property Sub-Type Commercial
Property Description
Fantastic turnkey investment property in the heart of historic Warren, RI, located in an Opportunity Zone! This meticulously maintained 5-unit apartment building features five fully-applianced, 1-bedroom units with individual electric meters and tenant-paid heat keeping owner expenses low. Ideally located just steps from downtown Warren, tenants enjoy boutique shops, award-winning restaurants, waterfront parks, and the popular East Bay Bike Path. Connected to city water/sewer and featuring durable vinyl siding, the property offers ample off-street and on-street parking on a quiet dead-end street. Rents are currently below market, providing significant upside potential for increased cash flow. A savvy owner can maximize income with three additional finished bonus rooms upstairs perfect as rentable office spaces, storage units, or even a shared workspace for additional revenue. Consider leveraging a DSCR loan to qualify based on the property's income rather than personal finances. An exceptional asset for investors or owner-occupants don't miss out!
Location
State RI
County Bristol
Community Downtown
Zoning R6
Interior
Heating Gas,Hot Water
Cooling None
Inclusions 5 refrigerators / 5 Oven Range
Exterior
Community Features Highway Access,Near Schools,Other,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Available,Sewer Connected,Water Available
Building
Story 3
Foundation Concrete Perimeter
Sewer Connected,Public Sewer,Sanitary
Water Connected,Public
New Construction No
Others
Virtual Tour https://tour.RiLiving.com/15-Thompson-Street-Warren-RI-02885