145 Burnside Avenue Woonsocket, RI 02895

Building Details

Year Built

1914

Listing agency eXp Realty k***@exprealty.com Show Phone

Listed by Kimberly Rodrigues

Source Lockandkeyre

Added: Jun 29 Updated: Jul 21 at 2:50AM Checked: Jul 21 at 3:15AM

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Investment Insights

Based on property information with market context.

This offering is a well-maintained 5-unit multifamily property. The units have separate utilities and include off-street parking as well as a detached 2-car garage. Four of the five units are fully updated and rent-ready, while one unit is below market and needs a heating system update plus light cosmetic work.

The property is conveniently located near major highways, shopping, and public transportation. Porches require repair and the property is being sold as-is, providing an additional opportunity for buyers to address deferred improvements.

Current gross income is reported as $87,900, with the seller projecting that bringing all units up to market rent would increase gross income to approximately $103,200 per year.

Key Highlights

• 5‑unit multifamily investment opportunity built in 1914, sold as‑is.
• Current gross income of $87,900 with separate utilities and a stated 9.2% cap rate.
• Four of five units are fully updated and rent‑ready; one unit is below market and needs updated heating plus light cosmetic work.

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FAQs

What type of property is this?

Apartment building - Five-unit multifamily with separate utilities, off-street parking, and a detached 2-car garage, sold as-is.

Where is this apartment building located?

The property is located at 145 Burnside Avenue Woonsocket, RI.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 5‑unit multifamily investment opportunity built in 1914, sold as‑is.; Current gross income of $87,900 with separate utilities and a stated 9.2% cap rate.; Four of five units are fully updated and rent‑ready; one unit is below market and needs updated heating plus light cosmetic work.