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Riv & Transit St Woonsocket, RI 02895

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For Sale
$1,198,000

Two income-generating multifamily properties with strong ROI in Woonsocket.

Lot size:
0.30 Acres

Property Features for Riv & Transit St

General Information

Lot size
0.30 Acres

Building Details

Year built
1900

Source: BOND BROKERAGE Agent Donald Martone

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Two Multifamily Properties, Eight Units

This offering includes two multifamily properties totaling eight units. The first property, located on River Street, is a well-maintained, fire-coded building that generates an annual income of $69,600 with annual expenses of $52,196, offering a potential ROI of 10.71%. It features a new roof, a new gas, IBC Technologies on-demand hot water system, and ample off-street parking in a large lot at the rear of the building. The property benefits from a reliable tenant base and a low-maintenance exterior, with convenient access to local amenities and major routes. The second property, located on Transit Street, is a freshly painted, fire-coded building with a renovated stairwell. It generates an annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. This property includes laundry facilities in the building and a four-car garage. Both properties are located in Woonsocket.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Woonsocket
County
Providence
State
Rhode Island
Longitude
-71.4864
Latitude
42.0062

FAQs

What type of property is this?
Apartment building - Two income-generating multifamily properties with strong ROI in Woonsocket.
Where is this apartment building located?
The property is located at Riv & Transit St Woonsocket, RI.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: - High potential ROI with 10.71% and 10.98%; - Solid income-producing assets with a combined annual income of $140,640; - Two well-maintained, fire coded multi-family properties offered as a package or individually
More about this property
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