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Quinsigamond Realty
214 Burnside, Woonsocket, RI 02895
- $995,000
- 14
- BD
- 6
- BA
- 5,892
- SqFt
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 73584115
- Year Built
- 1900
- Levels
- 5
- Bedrooms
- 14
- Bathrooms
- 6
- Acres
- 0.16
- Living Area
- 5,892
Property Description
$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212–214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)
Additional Information
- Taxes
- $10,939
- Lot Size
- 6,970
- Flooring
- Hardwood
- Heating
- Forced Air, Baseboard
- Cooling System Type
- Window Unit(s)
- Sewer
- Public Sewer
- Water Source
- Public
- Appliances
- Range, Refrigerator
- Parking Spaces
- 6
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Listing courtesy of Listing Agent: Donald Martone from Listing Office: BOND BROKERAGE.
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