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61 Elm St Woonsocket, RI 02895

Sponsored
For Sale
$799,000

Seven-unit property, high cap rate.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a seven-unit multifamily property situated on a corner lot in Woonsocket, Rhode Island, at 61 Elm Street, zip code 02895. The property comprises two buildings totaling 2100+ square feet of combined living space on an 8,276 square foot lot. The Elm Street building features four two-bedroom, one-bathroom units and one four-bedroom, one-bathroom unit. A new roof and several updated mechanical systems enhance this building. The Brook Street building, a two-unit structure, includes a two-bedroom, one-bathroom unit on the first floor and a four-bedroom, one-bathroom unit spanning the second and third floors, plus a bonus room on the fourth floor. This building boasts a like-new interior and a history of stable, long-term tenants. Ample off-street parking and a designated dumpster area are provided. The property generates substantial rental income and enjoys convenient access to major highways and downtown Providence. Tenants are responsible for their own utilities. This turnkey, well-maintained property offers a high cap rate and is ideal for both new and experienced investors. The asking price is $799,000.

Property Features for 61 Elm St

General Information

Property type
Land

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Woonsocket
County
Providence
State
Rhode Island
Longitude
-71.5009644
Latitude
42.0096061

FAQs

What type of property is this?
Land - Seven-unit property, high cap rate.
Where is this land located?
The property is located at 61 Elm St Woonsocket, RI.
What is the asking price?
The asking price for this property is $799,000.
More about this property
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