995,000

House for sale Woonsocket

Overview

SUMMARY: Discover an opportunity with this Woonsocket house for sale and available for 995,000. This could be your next ideal home or a smart investment. More details await.
$133,800 in annual scheduled rental income. 212-214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212-214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)
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Details

  • Beds: 14
  • Baths: 6
  • Price: 995,000
  • Reference No.: 96498861
  • Area: 6,856 sqft

Location

Marketed by:

  • Donald Martone
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