592 Diamond Hill

Multi-Family for Sale
Catylist Listing ID: 30757602
Number of Units: 6 Units
Building Size (RSF): 5,009 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $745,000
Unit Price: $124,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Auction License Number: N/A
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/4/2021

Overview / Comments

Fully occupied 6 unit in downtown Woonsocket. Three 2 beds 1 bath and three 3 beds and 1 bath. Clean and well kept common hallway. Hardwired fire system. Large basement with 6 hot water tanks, 6 boilers and 6 separated electrical panels. Common coin op laundry. Three private porches for 3 units . Dumpster on site serviced by trash collection company. Private surface level parking for 7 cars at the rear of the building. Utilities separated and paid by tenants. Positively cash flowing property and exciting investment opportunity. Recent improvements include roof, water heaters & boilers, decks repaired, lead water line replaced. Call, text or email today for more information.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: WO A5-35-52
Percent Occupied: 100%
Property Located Between: Salisbury & Garden St
Highway Access: 2.9 miles to I295
Airports: 27.5 Miles from TF Green Airport
Site Description: Corner lot, steel fence around perimeter, private surface level parking lot at rear of property, small landscaped area to the left of the front entrance. Diamond Hill is a primary road with sidewalks and street lights.
Area Description: Similar residential dwellings surrounding the property in suburban Woonsocket.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1930
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding, 3 wood decks, paved walkway, small landscaped area
Parking Type: Surface
Parking Description: Private parking lot at rear of the property for 7 cars
Total Parking Spaces: 7
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Internet Access: Cable
Interior Description: Well kept common areas and hallways. Three 2 bed 1 bath units and three 3 bed 1 bath units.
Zoning Description: Comm/R4: This 5+ multifamily is considered a commercial building and is a permitted use in this zoning classification.
Lot Frontage: 52
Lot Depth: 106
Water Service: Municipal
Sewer Type: Municipal
Easements Description: N/A
Land Ownership: Owned by seller.
Legal Description: Lot: 003 Plat: 35K

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,383 65,548 107,176
Median Age: 37.8 38.5 39.72
Households: 7,616 26,344 42,103

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