15 Thompson ST, Warren, RI 02885 – 1382521 - Kathleen Sposato

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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$750,000

Est. payment - /mo

2,900 SqFt

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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

HOA Y/N No

Abv Grd Liv Area 2,900

Year Built 1900

Annual Tax Amount $4,629

Tax Year 2024

Contingent Inspection Period

Lot Size 2,918 Sqft

Acres 0.067

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

Rooms

Basement Full

Interior

Heating Gas, Hot Water

Cooling None

Inclusions 5 refrigerators / 5 Oven Range

Furnishings Unfurnished

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

Street Surface Paved

Total Parking Spaces 4

Building

Story 3

Foundation Concrete Perimeter

Sewer Connected, Public Sewer, Sanitary

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 15THOMPSONSTWARN

Security Features Fire Alarm,Secured Garage/Parking

Virtual Tour https://tour.RiLiving.com/15-Thompson-Street-Warren-RI-02885

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Listed by Engel & Volkers

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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15 Thompson ST Warren, RI 02885

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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15 Thompson ST