242 4th Avenue
Woonsocket, RI 02895
$699,900
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… Read More 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! Read Less
Courtesy of Engel & Volkers, The DiSpirito Team, 401-638-0010.
Listing Snapshot
Days Online
75
Last Updated
Lot Size
0.13 Acres
Year Built
1930
MLS Number
1385859
30 Days Snapshot Of 02895
$393k
0%
(avg) sold price
15
-42%
homes sold
19
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: CityStreet, Paved
Basement
Full
Building
Built in 1930, Total building area : 0, 1 building, 3, 3 total stories
Community
Features: HighwayAccess, NearHospital, NearSchools, PublicTransportation, RecreationArea, Restaurant, Shopping, TennisCourts
Cooling
None
Expenses
Operating expense: $22,530
Heating
Gas, Steam
Income
Gross income: $84,420, Net operating income: $61,890
Laundry
CommonArea
Lot
5,663 sqft
Parking
Parking total: 5
Property
Zoning: R4
Security Features
CarbonMonoxideDetectors, FireAlarm, SmokeDetectors
Sewer
Connected, PublicSewer
Taxes
Annual amount: $11,415, Year: 2024
Tenant Pays
Electricity, Heat
Utilities
Amps100, CircuitBreakers, ElectricityAvailable, NaturalGasConnected, MunicipalUtilities, WaterConnected, SewerConnected
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Carl Osorio
Broker/Owner

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The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information herein is deemed reliable but not guaranteed.

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