198 Fourth Ave, Woonsocket, RI, 02895
19 rooms
10 beds
4 Full baths
1920
4,149 sqft
Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience.Featuring a sought-after configuration of two 3-BR units, and two 2-BR units, alongside an impressive nearly 7% cap rate. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment.Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term.Check out the 360 tour and be sure to attend on of the three open houses this weekend!
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Gas Dryer Hookup, Electric Dryer Hookup
Units:
4
Zoning:
R4
Heating:
Baseboard, Natural Gas
Cooling:
Window Unit(s)
Basement:
Full, Walk-Out Access, Bulkhead, Concrete, Unfinished
Levels:
9
Parking:
5-car Paved Drive, Shared Driveway
Acreage:
0.13
Est. Taxes:
$8,760
Assessment
$337,700
Construction
Frame, Conventional (2x4-2x6)
Utilities
for Gas Range, for Electric Range, for Gas Dryer, for Electric Dryer, Varies per Unit
Lot Description:
Gentle Sloping
Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University
Appliances:
Range, Refrigerator
MLS #:
73238565
Buyer Agent Compensation:
2%NS%
Facilitator Compensation:
1%NS%
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Stacy Corrigan, Peace of Mind Property Management & Real Estate, Inc.