MLS#: 1384927

$650,000 USD

  • Type
    Multi Family Home
  • Bedrooms
    4
  • Bathrooms
    4
The details

Property features

Key features

  • Golf Course Holes
  • Total Parking

Construction details

  • Year built: 1900

Other features

  • Heating system: Baseboard Natural Gas Gas

Area

  • Land/Lot size: 4,792ft²
  • Bedrooms: 4
  • Bathrooms: 4
  • Total rooms: 8

Description

Seize this excellent investment opportunity near the Blackstone River area of Woonsocket, RI! This well-maintained, fire coded, large, multi-family property generates a strong annual income of $69,600 with annual expenses of $52,196, offering a potential ROI of 10.71%. New roof! New gas, IBC Technologies on demand hot water system! Property also offers tenants ample off street parking with a large lot in rear of building. Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don’t miss out on this high-yield investment—schedule your showing today!

Location

Woonsocket, Rhode Island