Description
Versatile 4-Unit Mixed-Use Property in Woonsocket Investment Opportunity! Rare opportunity to own a well-maintained, professionally managed, income-producing mixed-use property in the heart of Woonsocket. This 4-unit building features 3 residential and 1 commercial unit. Each unit is separately metered for utilities and offers stable, long-term tenants. Recent updates include new roof, gas and electric heating systems, new ductless heat & a/c, new 75 Gal gas hot water tank, new kitchen, new bath and the addition of a shower stall, build out that is "kitchen ready" in unit 1! On-street parking available. Strong rental history and high demand make this a perfect turnkey investment or owner-occupied or live/work business owner opportunity. Conveniently located near downtown, public transportation, shopping, and major commuter routes. Highlights: $66,420 in projected annual rental income. Flexible mixed-use zoning (MU-1). Strong cap rate based on projected income. New/Well-maintained units with room for value-add improvements. Showings by appointment only. Don't miss this chance to build your portfolio in a growing Rhode Island market! *All 3 residential units are fully lead law compliant.*
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3BEDS
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0.05ACRES
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4BATHS
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01/2 BATHS
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2,632SQFT
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$209$/SQFT
School Ratings & Info
Description
Versatile 4-Unit Mixed-Use Property in Woonsocket Investment Opportunity! Rare opportunity to own a well-maintained, professionally managed, income-producing mixed-use property in the heart of Woonsocket. This 4-unit building features 3 residential and 1 commercial unit. Each unit is separately metered for utilities and offers stable, long-term tenants. Recent updates include new roof, gas and electric heating systems, new ductless heat & a/c, new 75 Gal gas hot water tank, new kitchen, new bath and the addition of a shower stall, build out that is "kitchen ready" in unit 1! On-street parking available. Strong rental history and high demand make this a perfect turnkey investment or owner-occupied or live/work business owner opportunity. Conveniently located near downtown, public transportation, shopping, and major commuter routes. Highlights: $66,420 in projected annual rental income. Flexible mixed-use zoning (MU-1). Strong cap rate based on projected income. New/Well-maintained units with room for value-add improvements. Showings by appointment only. Don't miss this chance to build your portfolio in a growing Rhode Island market! *All 3 residential units are fully lead law compliant.*
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