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786 Social Street, Woonsocket

786 Social Street Woonsocket

$1,250,000
19 8 7,368 sq ft

Map View Street View

The Property

786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances.

Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to increase revenue even further. Large, clean basements offer potential storage income, and there’s upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.

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Listing Details

MLS Number

1378169

Lot Size:

0.18 acres

Features

  • Basement: Full, Interior Only, Finished
  • Balcony
  • Heating: Electric, Natural Gas, Baseboard
  • Heating Fuel: Electric, Natural Gas, Baseboard
  • Garage: 1
  • Laundry
  • Year Built: 1910

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Market Trends for Multi Family
in Woonsocket

  • Overview
    Homes for Sale Today29-77.7% decrease in inventory
    New on Market *1820% increase in new listings
    Avg. Asking Price/Sq.Ft. *$178.94$38 increase in List Price/Sq.Ft.
    Avg. Sale Price *$557,850$20,467 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *102.49%-1.6% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$160.78$15 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6445 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?

    Contact Us

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

Listed by New England Apartment Group

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