54 1st Avenue Woonsocket

$249,900
0 5,500 sq ft

The Property

SOLID SIX FAMILY BUILDING with STABLE RENTAL HISTORY and SOLID 12% cap rate. Each unit has access to porches with TWO units having PRIVATE PORCHES off the living room. HARDWOOD floors throughout with several UPDATES to kitchens and bathrooms. All WIRING replaced in 2008 with 400 AMP service to the house and 100 amp service to each unit and all SMOKES are HARDWIRED with regularly tested alarm panel.

Laundry HOOKUPS are in each unit and there’s STORAGE in the basement that provides additional INCOME. All new gas pipes in basement. Chimney was re-pointed and driveway paved, in 2008 and the ROOF was replaced 8 years ago. There’s plenty of OFF STREET PARKING sale includes additional lot behind. Four Tenants professionally screened by management company. Two long term tenants are due for a rent increase, allowing for the potential for additional income. Rents are CURRENT and TENANTS PAY reliably. All UTILITIES are SEPARATE including hot water. One Section 8 tenant has heat & hw included currently. Building is WELL INSULATED. Schedule your appointment TODAY to view the one vacant unit (not for long) and the common areas to see if you’re interested in this SOLID INCOME PRODUCER!

Read more

Contact Associate

Listing Details

MLS Number

1166794

Lot Size:

0.13 acres

Features

  • Basement: Full
  • Heating: Forced Water, Gas Connected
  • Laundry
  • Year Built: 1900

Listed by Peace of Mind Property Mngmt.

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!