242 4th Avenue Woonsocket, RI 02895
Other
MLS #: 1385859
Courtesy Of Engel & Volkers
Property InformationDescription
A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today s market!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Heating System: Steam
- Heating System: Natural Gas
- MLSID: 1385859
- Parking Spaces: 5
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