"WOONSOCKET'S CROWN JEWEL: CONDITION MEETS CASH FLOW"

Multi-Family for Sale
Call for Offers
Catylist Listing ID: 30730768
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 6 Units
Building Size (RSF): 3,978 SF
Gross Land Area: 4,792 SF
Sale Price: $629,000
Unit Price: $104,833.33 Per Unit
Ceiling: 12 ft.
Property Use Type: Investment
Usable Size (USF): 3,978 SF
Sale Terms: Cash to Seller
Call for Offers: Yes
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 5/30/2021

Overview / Comments

"WOONSOCKET'S CROWN JEWEL: CONDITION MEETS CASH FLOW"-LEGAL SIX UNIT. COMPLETE RENOVATION OF ALL SIX UNITS. EXCEPTIONAL TILE AND FINISH WORK. 100% OCCUPANCY. PROFESSIONALLY MANAGED. 5 YEAR YOUNG ROOF. 7 CAR OFF STREET PARKING WITH DETACHED 2 CAR GARAGE. 6 GAS FORCED AIR HEATING SYSTEMS. NEW GAS APPLIANCES. 6 NEWER 40 GAL WATER TANKS. 200 AMP ELECTRICAL SERVICE. COPY OF LEASES? YES! LEAD CERTIFICATE? YES! IS THIS 6 UNIT FIRE ALARM SYSTEM TO CODE? YES! SECURITY DEPOSITS? YES! GREAT INCOME? YES! P+L AVAILABLE UPON REQUEST? YES! 2 MINS TO MARKET SQUARE, MAIN STREET, STADIUM THEATRE AND THE MASSACHUSETTS STATE LINE. MONTH TO MONTH RENTS ARE BELOW MARKET, CAN BE HIGHER!

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: WO D3-8-132
Zoning: MU1
Percent Occupied: 100%
Community Amenities: Restaurant(s), On-Site Maintenance
Property Located Between: River Street and RI-146
Highway Access: RI 146, and I 295
Airports: T.F. Green International Airport - 25 Miles
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1930
Construction/Siding: Concrete
Total Parking Spaces: 9
Heat Type: Natural Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,008 74,355 96,758
Median Age: 36.8 38.89 39.99
Households: 8,939 29,834 38,212

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