42 Transit St Woonsocket, RI 02895
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 42 Transit St
- Year built
- 1920
- Property type
- Commercial real estate
Description
This exceptional Woonsocket, Rhode Island property at 42 Transit Street presents a compelling investment opportunity. Situated on a 4,792 square foot lot, this mixed-use property comprises three buildings constructed in 1920. The property includes three units, each featuring one bedroom and one bathroom. Two of these units are currently occupied, providing immediate rental income. A significant advantage is the inclusion of a detached three-car garage, with two bays currently leased, generating additional rental revenue streams. The separate entrances to each residential unit ensure tenant privacy and independence. The property's location in Woonsocket, Providence County, Rhode Island (zip code 02895) offers convenient access to local amenities and services. This versatile property is ideal for investors seeking a stable income stream or owner-occupiers looking to supplement their income with rental revenue. The asking price for this unique opportunity is $349,900. This is a rare chance to acquire a well-maintained, income-producing property in a desirable location. The property's strong rental history and diverse income streams make it an attractive investment prospect. Don't miss this chance to secure a valuable asset in a thriving Rhode Island market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5172127
- Latitude
- 41.9948656
