198 Fourth Ave Woonsocket, RI 02895
Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. 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.Featuring a sought-after configuration of two 3-BR units, and two 2-BR units, alongside an impressive nearly 7% cap rate. 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.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 on of the three open houses this weekend!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyProvidence
- Taxes$8,760
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusPending
- MLS ID Number73238565
- Home Size Source Public Records
- Year Built1920
- Lot Size0.13 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Construction FrameConventional (2x4-2x6)
- Parking Paved DriveShared Driveway
- Parking Spaces 5
- Sewer Public Sewer
- Basement FullWalk- Out AccessBulkheadConcreteUnfinished
- Number of Stories 9
- Acreage 0.13
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Stone
- Zoning R4
- Buyer Agent Compensation 2%NS
- Facilitator Compensation 1%NS
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Parking Features Paved DriveShared Driveway
Interior Features
- Cooling Window Unit(s)
- Heating BaseboardNatural Gas
- Appliances RangeRefrigerator
- Flooring TileVinylVariesLaminateHardwood
- Interior Ceiling Fan(s)Bathroom With Tub & ShowerInternet Available - UnknownLiving RoomDining RoomKitchen
- Fireplaces 0
- Laundry Features Gas Dryer HookupElectric Dryer Hookup
- Window Features Insulated Windows
- Fireplace No
- Interior Features Ceiling Fan(s)Bathroom With Tub & ShowerInternet Available - UnknownLiving RoomDining RoomKitchen
Exterior Features
- Roof Rubber
- Spa No
- Waterfront Property No
- Exterior Balcony/Deck
- Lot Gentle Sloping
- Patio And Porch Porch
- Lot Features Gentle Sloping
Community Features
- Community Features Public TransportationShoppingPoolTennis Court(s)ParkWalk/ Jog TrailsGolfMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse of WorshipPrivate SchoolPublic SchoolUniversityWalk/Jog Trails
- Senior Community No
- Adult Care Community No