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.
Attention investors, check out this awesome investment opportunity at 78-80 Pierce St in an OPPORTUNITY ZONE with possible tax deferment on eligible capital gains in Westerly! You've got two duplexes on one lot, making it a total of four units. It's perfect for anyone looking to dive into real estate or live in one unit and rent out the others. Located in a great spot, you're close to everything Westerly has to offer. Each unit has tenants in place. Being sold "AS IS, WHERE IS" With a solid rental history and room for growth, this property is a no-brainer for anyone looking to expand their portfolio. Don't miss out on this chance to own a versatile, income-generating property in a fantastic community. Come see it today and imagine the possibilities at 78-80 Pierce St!
Step back in time and experience Old World Elegance in this Gorgeous Victorian Duplex Home on Historic Elm Street. With original hardwoods, wood moldings, high ceilings, large rooms, pocket doors, period staircases, beautiful stunning floor-to-ceiling windows, several Marble Fireplaces, and a beautiful Front Porch, it is truly a one-of-a-kind home. This Period Duplex offers endless opportunities. It is currently used as a six-unit income-producing property; it can easily be converted back to the original magnificent Duplex that was or keep as an income-producing property with endless opportunities; maybe a condo complex, the .79-acre lot is a rare find on Elm Street. Walk to Granite Theater, Wilcox Park, Library, Shopping, Restaurants, a short ride to Watch Hill and all other Area Beaches, and so much more.
The median home value in Westerly, RI is $480,600. This is lower than the county median home value of $542,000. The national median home value is $338,100. The average price of homes sold in Westerly, RI is $480,600. Approximately 54.46% of Westerly homes are owned, compared to 22.79% rented, while 22.74% are vacant. Westerly real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Westerly real estate agent to arrange a tour today!
Westerly, Rhode Island 02891 has a population of 23,352. Westerly 02891 is less family-centric than the surrounding county with 19.91% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Westerly, Rhode Island 02891 is $81,051. The median household income for the surrounding county is $92,001 compared to the national median of $69,021. The median age of people living in Westerly 02891 is 50 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 48 inches per year, with 27 inches of snow per year.