1 Ferreira Court

West Warwick, RI 02893

$949,000
Price
10
Beds
6
Baths
5,152 Sq. Ft.
$184 / Sq. Ft.
5,152
Sq. Ft.
$184
per Sq. Ft.

Description

Sat & Sun, Oct 12th &13th @ 1 PM - 3 PM. Don't miss out on this extremely rare opportunity to own a 6-Unit Multi that holds incredible potential for the right investor, developer, or buyer! These two separate properties, located on the same lot, consist of Two (2 Bdrm/1 Bath) and One (1 Bdrm/1 Bath) each, making it a total of 6 units. There is currently one very sizable storage area for each property, which can easily be converted into an additional unit, to renovate into 8 total units. Current rents...Sat & Sun, Oct 12th &13th @ 1 PM - 3 PM. Don't miss out on this extremely rare opportunity to own a 6-Unit Multi that holds incredible potential for the right investor, developer, or buyer! These two separate properties, located on the same lot, consist of Two (2 Bdrm/1 Bath) and One (1 Bdrm/1 Bath) each, making it a total of 6 units. There is currently one very sizable storage area for each property, which can easily be converted into an additional unit, to renovate into 8 total units. Current rents are right under $100k, but all are well under market rate and possess tremendous upside. Plenty of desired parking, as 14 total spaces are available. Gain additional income through coin-op washing machines in each basement. Landlord pays for all utilities, excluding wifi/cable, so separating each utility lines would also be a viable option for the new owner. Time to put your creativity to use, as there are abundant ways to max out your potential earnings with this absolute gem.
  1. Listed by Won Ra • Premier Realty Group

Property Details for 1 Ferreira Court

Town
West Warwick
Area
RI-West Warwick
Garage Spaces
0
Parking Spaces
14.00
Parking Spaces Total
14
LISTING UPDATED: 10/14/2024 03:09 AM

Property Details for 1 Ferreira Court

StatusActive
MLS #73301193
Days on Market38
Taxes$14,974 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1989
CountyKent County

Building Information for 1 Ferreira Court

Stories9Residences6Year Built1989Building Size-Lot Size0.57 AC / 25,012 SF

Property Information for 1 Ferreira Court

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 5152.0
  • Color: Light Rose
  • SqFt with Basement: Yes
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Wood
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Common
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Common
  • Parking Features: Off-Street, Common
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Private Road
Tax Information
  • Tax ID: 450802
  • Assessments: $536,100
  • Book: 9999
  • Tax Year: 2024
  • Zoning: R-6
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $97,200.00
  • GRE: $29,332
  • NOI: $67,868.00
  • Operating Expense: $29,332.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,100.00

Property History for 1 Ferreira Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Ferreira Court

Taxable ValueLand$91,300Additions$450,400Total$541,700
Tax Record2024$15,146 ($1,262 / month)
Home Facts
Stories1Lot Size25,012 SqFtStyleMulti-Family Res (5+ Units)ZoningR-6CountyKENTAPNWWAR 014-1170-0-000

Schools near 1 Ferreira Court

This home is within West Warwick School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Public - K to 4
Rating
School
Distance
John F. Deering Middle School
Public5 to 8

West Warwick High School
Public9 to 12

Greenbush Elementary School
PublicK to 4

John F. Horgan School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1 Ferreira Court is a multi-family home for sale in West Warwick, RI 02893. This property was listed for sale on October 10, 2024 by Premier Realty Group, it's currently listed at $949,000. It has been on the market for a total of 38 days and was last sold on December 13, 2023. This listing's school district is West Warwick School District. Nearby schools include John F. Deering Middle School, West Warwick High School and Greenbush Elementary School. 1 Ferreira Court is a 10-bed, 6-bath, 5,152 sqft multi-family home built in 1989.

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Listing Courtesy of Premier Realty Group

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.