About This Home
This 0-bedroom, 0-bathroom commercial at 414 Rathbun Street in Woonsocket, RI is listed for $949,000 ($173 per sqft). Built in 1900, the home offers 5,492 sqft of living space on a N/A lot.
Key Features
- Built in 1900
- 10 parking spaces
Property Details
Amenities
Exceptional opportunity to acquire SEVEN income-producing condominium units across two professionally managed buildings. This package includes a total of 14 bedrooms, 7 bathrooms, and approximately 5,492 square feet of living area across seven separately deeded units.
Currently generating $10,325 per month in rental income, the portfolio consists of a diverse mix of 1, 2, and 3-bedroom units, with six units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and operating expenses.
This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SEVEN condominium units are located in two adjacent buildings on Rathbun Street. Three units are situated at 414 Rathbun Street, and four units are situated at 420 Rathbun Street.
Monthly Cost Estimate
$5,255/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
414 Rathbun Street
Woonsocket, RI 02895
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 414 Rathbun Street is listed at $949,000 ($173/sqft). The estimated monthly payment is $5,256 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $180/month.
Key features include: Built in 1900, 10 parking spaces.
This property is listed by Talib Hussain and can be reached at (508) 695-4545.
