Jerry Mason
198 4th Avenue, Woonsocket, RI, 02895
19 rooms
10 beds
4 Full baths
1920
Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled peace of mind. Featuring a sought-after configuration of two 3-bedroom units, and two 2-bedroom units, alongside an impressive nearly 7% cap rate, this property promises sustained occupancy and robust positive cash flow. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment. While offering immediate returns, there also exists untapped potential for further enhancement, presenting savvy investors or owner occupants with opportunities to maximize value. Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term. Check out the 360 tour and be sure to attend one of the three open houses this weekend!
Status:
Pending
Type:
Multi-family
Laundry Remarks:
In Unit
Units:
4
Zoning:
R4
Subdivision:
Fairmount
Garage:
No Garage
Heating:
Gas, Hot Water
Cooling:
None
Basement:
Exterior Entry, Full, Interior Entry, Unfinished
Parking:
5-car
Acreage:
0.13
Est. Taxes:
$8,760
Assessment
$337,700
Construction
Drywall,Plaster,Wood Siding,Vinyl Siding
Utilities
Sewer Connected
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Days on Market:
6
Appliances:
Gas Water Heater, Oven, Range, Refrigerator, Water Heater
MLS #:
1358860
Community Info
School Info
Walk Score
Mass Transit
Yelp
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