CCertihomes
928 Main, West Warwick, RI 02893

$475,000

0 beds 0 baths Built 1925Active

About this home

Introducing 928-932 Main Street, a meticulously maintained property featuring five residential units & one free-standing commercial unit. This property offers a unique investment opportunity for savvy investors. * The third floor houses a bright two-bedroom unit, enhanced by skylights & abundant natural light. This unit includes a full bathroom & an additional shower room. On the second floor, the rear unit has a newly restored one-bed apartment, currently vacant & ready for occupancy. It features a large eat-in kitchen with a pantry showcasing glass cabinetry. The front unit on the same floor also offers one bedroom, complemented by charming bow windows & a spacious deck. The first-floor rear unit has one bed, a pantry-style kitchen & a spacious living room. The first-floor front unit has lovely bow windows & a private deck. The free-standing commercial unit on the property is equipped with its own furnace, electrical panel & a half bath, making it ideal for a small business. All units & the commercial space benefit from a reliable gas heat source. The property is supported by a fully fire-compliant with an addressable system & a new high-efficiency heat & hot water. With ample parking & easy access to all amenities, it is attractive for residential tenants & business owners. All current tenants are long-term; the rents are below market rates, offering significant potential for increased revenue. This well-maintained property ensures a stable investment for the future.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$5,467/mo

Real estate (PITI + HOA + PMI)
$4,536
Principal + interest$3,060
Property tax + insurance$1,298
PMI / 2nd mortgage$178
Utilities
$1,746
Heating + cooling$720
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$5,467/mo TLC
Budget$5,967/mo
Remaining after TLC$500/mo
Purchase price
$475,000
Down payment
$23,750 (5%)
Loan amount
$451,250
APR
7.19%

Quick facts

Type
Commercial Sale
Style
Year built
1925
Lot size
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
$9,031
MLS #
1359548
County
Kent

At a glance

Basement

Home features

Sewer
Connected

Lot features

Suburban

Neighborhood — 02893

MetricThis ZIPCountyUSA
Population31,5341,095,423299,088,112
Population Change Since19908.00%9.00%20.00%
Population Density4,023994
Male15,268529,266147,432,321
Female16,266566,157151,655,844
Never Married7,065266,40463,775,926
Married13,649435,678123,120,365
Separated82143,64212,639,686
Widowed1,79366,66815,467,586
Divorced2,59883,84323,075,029
Number Of House Hold11,828410,399111,826,380
Average House Hold Size2.652.562.60
Medial Age37.7437.2735.46
Median House Hold Income$51,082$47,553$48,276
Average House Hold Income$68,459$61,609$63,629
P C I$26,065$23,965$24,529
M D I$43,160$40,634$41,133
A T H E$53,506$49,940$50,898
S T R7.00%7.00%
W C J75.47%78.02%77.74%
(Zip) Code
2893

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/28/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.