About This Home
This 0-bedroom, 0-bathroom commercial at 145 Burnside Avenue in Woonsocket, RI is listed for $725,000. Built in 1914, on a 0.12 acres lot.
Key Features
- Built in 1914
- 0.12 acre lot
- 3 stories
- 6 parking spaces
Property Details
5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage.
Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point.
Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.
Monthly Cost Estimate
$3,877/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
145 Burnside Avenue
Woonsocket, RI 02895
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 145 Burnside Avenue is listed at $725,000. The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1914, 0.12 acre lot, 3 stories, 6 parking spaces.
This property is listed by Kimberly Rodrigues and can be reached at (866) 828-3951.
