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+15087982020
Quinsigamond Realty
414 420 Rathbun St, Woonsocket, RI 02895
- $699,000
- List Price
- $699,000
- Status
- ACTIVE
- MLS#
- 73584905
- Price Change
- ▼ $141,154 1791410512
- Year Built
- 1900
Property Description
Exceptional opportunity to acquire FIVE income-producing condominium units across TWO professionally managed buildings. This package includes a total of 11 bedrooms, 5 bathrooms and FIVE separately deeded units. Currently generating $7,525 per month in rental income, the portfolio consists of a diverse mix of 2, and 3-bedroom units, with all five units occupied, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The FIVE CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Two units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street.
Additional Information
- Taxes
- $7,758
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Listing courtesy of Listing Agent: Talib Hussain from Listing Office: Keller Williams Elite.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.