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Listed price in listed location currency (USD).
$995,000

1066

MLS® 1424573

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 6856 sqft
Garage 
Taxes $5,669
Days Active 0
Lot Size 0.16 Acres
Approx. Age 1900
Avg. Price Per Sqft $145
MLS® Number 1424573

Property Address: 214 Burnside Avenue, Woonsocket, RI, 02895

Average square foot calculated using Size range provided by listing agent.

Description

$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)
MLS® Number1424573
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces
HeatBaseboard, Forced Air, Gas
A/CNone

Extras

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