$355,000
●
House -
Off Market
9 Tanglewood Dr
West Warwick, RI 02893
3 Beds
1 Bath,
1
Half Bath
2,408 Ft²
$2,156
Est. Monthly
About This Property
Welcome to 9 Tanglewood Drive, West Warwick, RI – a unique
contemporary-style home that offers both comfort & endless
potential. Built in 1978, this property consists of 1800 square
feet of living space on the upper level & an additional 600 square
feet of finished area on the entry level. *Property features a
bright modern interior with 5 rooms, 2/3 beds, 1.1 baths, two stone
fireplaces, a two car garage & spacious rear deck. Though the
property requires cosmetic upgrades to both the interior &
exterior, these improvements present a unique opportunity for
customization. The effort & investment to improve this asset
provides a chance to infuse personal style while increasing the
property value.* With its substantial space, potential for
customization & idyllic location, this property is an excellent
investment for the investor and homeowner alike.
Unit Size
2,408 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$149
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1978
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (MLSPIN #73195891)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Jan 23, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 23, 2024 | Listed by Westcott Properties | $359,900 | |
| Listed by Westcott Properties | |||
| | |||
|
Welcome to 9 Tanglewood Drive, West Warwick, RI – a unique contemporary-style home that offers both comfort & endless potential. Built in 1978, this property consists of 1800 square feet of living space on the upper level & an additional 600 square feet of finished area on the entry level. *Property features a bright modern interior with 5 rooms, 2/3 beds, 1.1 baths, two stone fireplaces, a two car garage & spacious rear deck. Though the property requires cosmetic upgrades to both the interior & exterior, these improvements present a unique opportunity for customization. The effort & investment to improve this asset provides a chance to infuse personal style while increasing the property value.* With its substantial space, potential for customization & idyllic location, this property is an excellent investment for the investor and homeowner alike.
| |||
| Dec 27, 2023 | Listed by Westcott Properties | $359,900 | |
| Listed by Westcott Properties | |||
| | |||
|
Welcome to 9 Tanglewood Drive, West Warwick, RI – a unique contemporary-style home that offers both comfort & endless potential. Built in 1978, this property consists of 1800 square feet of living space on the upper level & an additional 600 square feet of finished area on the entry level. *Property features a bright modern interior with 5 rooms, 2/3 beds, 1.1 baths, two stone fireplaces, a two car garage & spacious rear deck. Though the property requires cosmetic upgrades to both the interior & exterior, these improvements present a unique opportunity for customization. The effort & investment to improve this asset provides a chance to infuse personal style while increasing the property value.* With its substantial space, potential for customization & idyllic location, this property is an excellent investment for the investor and homeowner alike.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
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