17 Summer Street

Westerly, RI 02891

$775,000
Price
8
Beds
3
Baths
3,245 Sq. Ft.
$239 / Sq. Ft.
3,245
Sq. Ft.
$239
per Sq. Ft.

Description

This fully leased 3 family property produces income from Day One. A 7.79% CAP rate insures a strong return with the safety and security of a real estate investment. Each unit retains the charm of the building's 1900 origin while beaming 21st century qualities like hardwood floors, tall ceilings and sun-soaked rooms. All three residential units and both garage stalls are leased. See included Income and Expense sheet to review the details. There is plenty of parking for residents. Call today to arrange...This fully leased 3 family property produces income from Day One. A 7.79% CAP rate insures a strong return with the safety and security of a real estate investment. Each unit retains the charm of the building's 1900 origin while beaming 21st century qualities like hardwood floors, tall ceilings and sun-soaked rooms. All three residential units and both garage stalls are leased. See included Income and Expense sheet to review the details. There is plenty of parking for residents. Call today to arrange a private viewing.
  1. Listed by Bill Fain • Brokerage DRE #REB.0018040 • Fantastic Real Estate & Invest
    P: (860)-514-4440 Bill@FanREI.com

Property Details for 17 Summer Street

Subdivision Name
Downtown Westerly
Waterfront Features
Walk To Water
LISTING UPDATED: 11/09/2024 12:32 AM

Property Details for 17 Summer Street

StatusActive
MLS #1371896
Days on Market19
Taxes$3,993 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size-
CountyWashington County

Building Information for 17 Summer Street

Stories3Residences3Year Built1900Building Size-Lot Size-

Property Information for 17 Summer Street

Summary
Location and General Information
  • City: Westerly
  • Community Features: Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Sidewalks
  • Postal City: Westerly
  • Postal Code: 02891
  • State Or Province: RI
  • Zoning: R6
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage Y N: Yes
  • Parking Features: Detached, Garage, Garage Door Opener
  • Parking Total: 5
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $3,993.00
  • Tax Assessed Value: 375400
  • Tax Lot: 108
  • Tax Map Number: 67
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3245.0
  • Building Area Total: 3245.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.3
  • Lot Size Square Feet: 0.3
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 17SUMMERSTWEST
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 4,023,315,524
Utilities
  • Electric: Volts110
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Heating: Baseboard, Central, Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: In Unit
  • Patio And Porch Features: Porch
  • Rooms Total: 17
Multi Family
Income & Expenses Information
  • Operating Expense: $9,631.00
Unit 1 Information
  • Actual Rent: $1,500.00
  • Unit Type Area: 800.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,850.00
  • Unit Type Area: 1100.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,330.00
  • Unit Type Area: 1400.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 17 Summer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 17 Summer Street

Taxable ValueLand$110,300Additions$265,100Total$375,400
Tax Record2024$3,923 ($327 / month)
Home Facts
Baths3Total Finished SqFt3,245 SqFtAbove Grade Finished SqFt3,245 SqFtStories3Lot Size12,970 SqFtStyleTriplexYear Built1900CountyWASHINGTONAPNWEST M:67 B:108

Schools near 17 Summer Street

This home is within Westerly School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Tower Street School
PublicPK to 5

Westerly Middle School
Public5 to 8

Westerly High School
Public9 to 12

State Street 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.

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17 Summer Street is a multi-family home for sale in Westerly, RI 02891. This property was listed for sale on October 29, 2024 by Fantastic Real Estate & Invest, it's currently listed at $775,000. It has been on the market for a total of 19 days and was last sold on November 17, 2021. This listing's school district is Westerly School District. Nearby schools include Tower Street School, Westerly Middle School and Westerly High School. 17 Summer Street is a 8-bed, 3-bath, 3,245 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Fantastic Real Estate & Invest

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.