786 Social Street Woonsocket

Five of the six units have been fully renovated, with updated kitchens, bathrooms, flooring, appliances, and in-unit washers and dryers. This property offers the perfect blend of turnkey and value-add opportunities. It’s turnkey in that it’s already a well-functioning, cash-flowing property that requires no immediate work (day 1 you will be cash-flowing significantly). It’s value-add in that there’s still room for further renovations to increase rents even more ($165k+). The basements are large and very clean and there is also additional income opportunity with storage spaces. For those interested in condo conversions, there’s significant upside potential there too. This is a low-maintenance, low-expense property: there’s no trash expense, and tenants pay their own gas and electric. We have an appraisal in hand for $1.25M. The property includes 7 parking spaces and is fully fire-coded. Financials are available upon request.