Foncellino Team of Coldwell Banker Commercial sells 6 units for $450,000

March 13, 2020 - Rhode Island

West Warwick, RI Foncellino Team of Coldwell Banker Commercial sold two multi family buildings of 3,000 s/f each, with three units per building on a 25,000 s/f lot at 1 Ferreira Court for $450,000.

The seller was 1 Ferreira Court LLC and the buyer was Steve Lawton.

The buildings are well maintained with each building having two 2-bedroom apartments and one-bedroom apartments. The buildings were originally built for possible four units each, with property zoning approval.

The new owners will consider expanding existing units to 3-bedrooms under existing zoning regulations or apply for zoning approval with the city to make 4 units in each building.



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