Property profile

450 Summer St Woonsocket, RI 02895

OFF-MARKET
Land
Property ID
US76-0145877
Built 1900
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Year built 1900
UPID US76-0145877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 Summer St Woonsocket, RI 02895
Woonsocket metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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