4 Pearl Street, Westerly, RI, 02891
16 rooms
8 beds
4 Full baths
1928
An incredible investment opportunity awaits in Westerly's rapidly growing Historic North End. This well-maintained 4-family property has been owned by the same meticulous owner since 1993, showcasing over three decades of pride in ownership and consistent care. Each unit is in very good condition, and the property's mechanicals have been thoughtfully updated over time, offering both stability and peace of mind for any new owner. Currently generating $4,300 per month ($52,000 annually) in rental income, this property presents a clear value-add opportunity with undermarket rents in one of Westerly's most up-and-coming neighborhoods. All units feature gas heat and are fully leased, making this a wonderful investment from day one. The location couldn't be more convenient just minutes to I-95, Downtown Westerly, Amtrak Station, shops, and restaurants, providing strong tenant appeal and long-term appreciation potential.
Status:
Pending
Type:
Multi-family
Units:
4
Subdivision:
NORTH END
Garage:
No Garage
Heating:
Gas
Cooling:
Window Unit(s)
Basement:
Full, Unfinished
Parking:
8-car
Acreage:
0.37
Est. Taxes:
$2,710
Assessment
$381,200
Construction
Vinyl Siding
Utilities
Sewer Connected
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
9
Appliances:
Gas Water Heater
MLS #:
1398560
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Town & Shore Realty 401-596-1000