77 Water Street, Warren, RI 02885

Property Description

A rare offering in a neighborhood that rarely offers this kind of opportunity. The Shubael Mason House, a c.1780 four-unit multifamily property set in the Waterfront Historic District and National Register district. Just a block from the water and steps to Warren's unique independent shops, restaurants, galleries and cafe's. This property is surrounded by restored historic properties on one of the district's most walkable, character-rich streets and one of the coolest towns in the state. Four generously sized units, each with their own deck or porch for owner-occupants and investors alike. Each unit pays their own utilities an upside for any new owner. A classic New England Colonial with great bones, abutts the restored American Tourister Mill building and the public waterfront walkway making this an ideal property for a thoughtful, market-savvy refresh. Currently and always easily occupied with immediate rental income in place, a compelling value-add story: an incoming owner has a clear path to build income while preserving the architectural integrity that makes this address so special. This location is also near the Eastbay Bikepath, Bus stop and only a 15 min drive to Prov, 25min to the airport or New Bedford Ferries and the Cape, making it a great jumping off point for commuters. Note; No flood insurance required