Sold

242 4th Avenue, Woonsocket, RI 02895

Beds
12
Baths
6
Sqft
9,384

View property features, location on map, relevant school information and overview from seller's agent.

Listed byEngel & Volkers
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Overview

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
12
Number of bathrooms
6
Square feet
9,384
Lot size (acres)
0.13
Year built
1930

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Natural gas, Hot water, Steam
Cooling
None

Taxes

Tax Annual Amount (2024)
$6,152

Public schools

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Sourced from: StateWide MLS MLS®#: 1385858 Last checked:

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