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+15087982020
Quinsigamond Realty
51 Wood Avenue, Woonsocket, RI 02895
- $1,185,000
- 16
- BD
- 8
- BA
- List Price
- $1,185,000
- Status
- PENDING
- MLS#
- 1409850
- Year Built
- 1910
- Style
- Stacked, Side By Side
- Bedrooms
- 16
- Bathrooms
- 8
- Acres
- 0.20
Property Description
An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island's most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout
Additional Information
- Taxes
- $17,333
- Lot Size
- 8,712
- Flooring
- Carpet, Ceramic Tile, Hardwood, Laminate, Other
- Heating
- Gas
- Cooling System Type
- None
- Sewer
- Connected
- Water Source
- Connected
- Appliances
- Electric Water Heater, Gas Water Heater
- Basement
- Exterior Entry, Full, Interior Entry, Partially Finished
- Exterior Features
- Porch
- Parking Spaces
- 13
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Listing courtesy of Bond Brokerage. Contact:
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