54 Schaeffer Street, South Kingstown, RI 02879

Property Description

A GREAT NEW OPPORTUNITY IN PEACEDALE-WAKEFIELD! This property is offered AS-IS, in its current unfinished condition. The asking price does not include completion of the home or ADU. All remaining construction and associated costs are the responsibility of the buyer. Bring your vision to two projects already underway, close to downtown shops, restaurants, and local schools and just 10 minutes from the beach! The 24' 20' garage is approximately 90% complete and has an active permit for conversion into an accessory dwelling unit (ADU). Construction of the main residence has progressed to the stone and concrete foundation and initial framing stage. Previously permitted plans envisioned a two-story home with approximately 1,800 2,000 square feet, 3 4 bedrooms, and 2 3 bathrooms. Complete the proposed home and ADU for extended family or potential long-term rental income, subject to applicable approvals and rental requirements. Remaining construction materials on-site are included in the sale. Renderings are conceptual illustrations of potential improvements only. They do not depict the property's current condition or represent a completed home included in the asking price. Buyer is responsible for independently verifying permit status, approved plans, proposed square footage, ADU use and rental requirements, and all costs and requirements necessary to complete both projects.