450 Summer St Woonsocket, RI 02895
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 450 Summer St
- Year built
- 1900
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Woonsocket, Rhode Island, presents a rare chance to acquire a mixed-use property encompassing 19,602 square feet of land. The property features two buildings constructed in 1900, with a total of three stories. One building is an eight-unit apartment house situated in a desirable neighborhood. Each unit is meticulously maintained and in good condition, offering comfortable living spaces for tenants. The property also includes a convenient on-site coin-operated laundry facility and ample parking. The second building is a duplex, comprising two spacious three-bedroom apartments, ideal for larger families. Currently, rents are lower than market value due to long-term tenants, providing immediate income and potential for future growth as leases renew. This property offers a blend of residential and commercial potential, making it an attractive investment for both seasoned investors and first-time buyers. The asking price for this unique property is $1,800,000. The property's location in Woonsocket, Providence County, Rhode Island (zip code 02895) offers convenient access to local amenities and services. This is a truly unique opportunity to own a well-maintained, income-producing property in a prime location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.519555
- Latitude
- 42.01461
