145 Burnside AVE Woonsocket, RI 02895
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,365 sqft
Price per Sqft $166
MLS Listing ID 1416359
Bedrooms 9
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,365
Year Built 1914
Annual Tax Amount $5,130
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Property Description
INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.
Location
State RI
County Providence
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Flooring Ceramic Tile, Hardwood, Laminate
Inclusions Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer (s)/buyer(s) agent must conduct their own due diligence, verification, and research are relying solely on the same. Please measure.
Fireplace No
Appliance Water Heater
Laundry Common Area
Exterior
Exterior Feature Paved Driveway
Parking Features Detached
Garage Spaces 2.0
Community Features Highway Access, Near Hospital, Public Transportation, Restaurant, Shopping
Utilities Available Sewer Connected
Total Parking Spaces 6
Garage Yes
Building
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 145BURNSIDEAVWOON
Virtual Tour https://tour.RiLiving.com/145-Burnside-Avenue-Woonsocket-RI-02895
Nearby Locations
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