Property Description
Welcome to 156 High Street, an outstanding three-family investment property in the heart of historic downtown Westerly! This turnkey asset is perfectly situated within walking distance of restaurants, shops, Amtrak, and Wilcox Park, offering an unbeatable blend of convenience and charm. The property features eight generously sized bedrooms across three units three-bedroom units on both the first and second floors, and a two-bedroom unit on the third floor, where the tenant is scheduled to vacate, creating an excellent opportunity for repositioning, enhanced rental income, or owner occupancy! Currently generating approximately $63K in gross annual income with minimal expenses, this property has significant room for growth. Also, the property also boasts a newer roof just over 11 years old as well as all major components in excellent condition! Additional highlights include a large driveway with ample parking for up to ten vehicles, ensuring parking is never an issue.
Overview
Property Type
Multi-family
Location
156 HIGH Street, Westerly, RI 0289`
MLS ID
1381778
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
8
Full Bathrooms
3
Flooring
Laminate
Appliances
Gas Water Heater
Other Interior Features
Attic, Tub Shower
Exterior
Stories
4
Water Source
Connected, Public
Utilities
Sewer Connected
Parking
No Garage
Heat Type
Baseboard, Electric, Gas, Zoned
Air Conditioning
Window Unit(s)
Sewer
Connected, Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Paved Driveway
Details
Total Area
5,485 Sq.Ft.
Water Frontage
Water Access
Financial
Price
$735,000
Real Estate Tax
$3,449/yr
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