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23 Melrose ST East Greenwich, RI 02818
4,400 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1428486
HOA Y/N No
Year Built 1930
Annual Tax Amount $21,415
Tax Year 2026
Lot Size 4,400 Sqft
Property Sub-Type Commercial
Property Description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 23 Melrose Street in East Greenwich, RI (the Property ). The three-story building contains one (1) 2-Bedroom/2-Bathroom unit, three (3) 1-Bedroom/1 Bathroom units, and four (4) Studio units with 4,550 square feet of gross living area in 5,100 square feet of gross area. The Property is situated upon a 0.19-acre parcel and features two (2) off-street parking spaces, as well as laundry facilities for tenants' convenience. The Property has undergone a comprehensive gut renovation under current ownership, offering the opportunity to acquire a turnkey asset in an affluent coastal community. The renovation included all-new electrical wiring, plumbing, electric heating systems, laundry machines, stairs, flooring throughout the building, and additional improvements. Individual units benefit from these updated utility systems, as well as condo-quality finishes, including stainless steel appliances, quartz countertops, updated cabinetry, renovated bathrooms, and their own mini-split air conditioning unit. The extensive renovation significantly minimizes near-term CapEx requirements, improves utility efficiency and lowers operating costs, and positions prospective ownership to achieve top of the market rents and immediate cash flow
Location
State RI
County Kent
Exterior
Street Surface Asphalt
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Frame
New Construction No
Others
Tax ID 23MELROSESTEGRN
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Listed by Horvath & Tremblay