Wonderful investment opportunity! A set of 3 well maintained duplexes on Knight Street is waiting for a new owner. These duplexes are currently all two bedroom units, but have the potential to be three. They have spacious kitchen, dining, and living room areas. There are washer/dryer hookups in all the basements. In addition to the 6 units there are also 6 garages on the property. The land extends into the Pawcatuck River so the owner and tenants can do some fishing and/or enjoy the water. They are located within walking distance to Crandall Field, Ashaway Elementary School, and churches and a short drive to downtown Westerly, beaches, and 95. ***Investors take note:These units could possibly be converted into condos. The CAP rate is currently close to 8.5 already and could be better after all rents have been increased. GRM is an 8.9. There has never been a problem filling these units.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than RD Denelle Realtors are marked with the MLS logo and detailed information about them includes the name of the listing brokers.