520 Providence Street 524, West Warwick, RI 02893

Property Description

Exceptional opportunity to own a well-maintained 3-unit multifamily property with a unique side-by-side townhouse-style layout. Constructed with durable terracotta block and finished with stucco, this property offers a combination of character, low-maintenance exterior features, and strong income potential. The property consists of three spacious units. Two units have been fully renovated, including a 2-bedroom, 1.5-bath unit featuring an additional finished room in the basement ideal for a home office, playroom, gym, guest space, or other flexible uses, and a renovated 2-bedroom, 1-bath unit. The third unit, a 2-bedroom, 1-bath, is currently occupied by a tenant and is in great condition. All units feature separate gas and electric utilities as well as in-unit laundry, making management efficient and appealing to tenants. Whether you're an investor looking to add a solid income-producing property to your portfolio or an owner-occupant seeking the benefit of rental income, this property offers flexibility and significant upside potential. With two renovated units ready for occupancy and current rents below market, there is an opportunity to increase income and maximize returns. Conveniently located near shopping, restaurants, schools, and major highways, this property is a rare find that combines strong cash-flow potential with pride of ownership.