Side by side DUPLEX

[Brandon Ingegneri]

Warwick, Rhode Island. Side by side duplex with long term tenants. Current monthly rent toll is below market at $1700. (Previous owner dropped rent for one of the tenants from $950 to $700). Newer roof, updated mechanicals, and property has been required. The property is connected to sewers and city water. One unit is 3 beds, 1.5 baths, and the other is 2 beds, 1.5 baths. 215/217 Knight Street, Warwick, RI $199,000.00.

[Levi Graziano]

I would have to see the property tax rates and insurance costs. You might have it better up there with state income taxes shifting the burden, but in the south we get killed on property taxes. They could very well wipe out a deal with those numbers. It would be close, however, and things like self management and self maintenance can make or break a deal like that.