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Sold for $470,000 on 04/26/24
  • $470,000

    18-16 Twenty Warwick Nck, Warwick, RI 02889

    3beds
    3,138sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $518,200 Zestimate®
    $150/sqft
    $2,837 Estimated rent

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    What's special

    Attention savvy investors and business owners! This mixed-use property includes a 2214 sq.ft. 2-Family and a 924 sq. ft. commercial building on a 1/4 acre lot with frontage on two streets. For the business owner, this high-visibility location at the top of Warwick Neck Avenue offers great exposure to the Warwick Neck community and beyond. Ideas include a florist, landscaper, ice cream shop, salon and more - buyer to verify/conduct their due diligence. For the investor, new housing legislation presents the opportunity to convert the commercial building into a third residential unit. The two-family has lengthy rental history and a long-term, month-to-month tenant on the second-floor which could be converted into a two-bedroom unit. Interior highlights include high ceilings that add a sense of volume to the living spaces, a living room fireplace on the first-floor and hardwood floors throughout. The commercial building is a blank canvas that has been updated with 200-amp electrical service, has an operational cooler, and a lavette. The property is connected to sewers with no outstanding assessment, utilities are separate, and the roof is young on both buildings. Whether you're looking for a project to re-develop and maximize its earning potential, a great location for your business, or an owner-occupant in search of a solid home that generates good income, this could be it!

    Zillow last checked: 8 hours ago

    Listing updated: April 26, 2024 at 12:49pm

    Listed by:

    Jill Weathers 401-749-5414,

    Williams & Stuart Real Estate

    Bought with:

    Christine Patalano Guarniero, RES.0045899

    RE/MAX Preferred

    Source: StateWide MLS RI,MLS#: 1354537MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, Baseboard
    Cooling
    • None
    Appliances
    • Laundry: In Building
    Features
    • Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
    • Flooring: Ceramic Tile, Hardwood
    • Basement: Full,Interior Entry,Unfinished,Common,Utility
    • Number of fireplaces: 1
    • Fireplace features: Marble
    Interior area
    • Total structure area: 2,214
    • Total interior livable area: 3,138 sqft

    Property

    Parking
    • Parking features: No Garage, Driveway
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Waterfront features: Flood Insurance
    Lot
    • Size: 0.28 Acres
    • Features: Sidewalks
    Details
    • Zoning: 044R
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Shingles, Wood
    • Foundation: Unknown
    Condition
    • New construction: No
    • Year built: 1885

    Utilities & green energy

    • Electric: 100 Amp Service, 200+ Amp Service, Circuit Breakers
    • Sewer: None
    • Utilities for property: Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Marina, Restaurants, Near Shopping, Near Swimming
    Location
    • Region: Warwick
    • Subdivision: Warwick Neck

    HOA & financial

    HOA
    • Has HOA: No
    Other financial information
    • Total actual rent: 1200
    Sell with ease on Zillow
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    $518,200
    2% more+$10,364
    With Zillow Showcase(estimated)$528,564