214 Burnside Avenue Woonsocket

$995,000
14 6 6,856 sq ft

The Property

$133,800 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit (5-2 bed units, 1-4 bed 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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Listing Details

MLS Number

1424573

Lot Size:

0.16 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Porch
  • Heating: Natural Gas, Baseboard, Forced Air
  • Heating Fuel: Natural Gas, Baseboard, Forced Air
  • Laundry
  • Paved
  • Year Built: 1900

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Market Trends for Single Family Homes
in Woonsocket

  • Overview
    Homes for Sale Today100-90.2% decrease in inventory
    New on Market *7169% increase in new listings
    Avg. Asking Price/Sq.Ft. *$239.73$3 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$449,433$1,590 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *6885.97%6923.6% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$249.35$9 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6022 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Bond Brokerage
Phone: 401-954-0270

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