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242 4th Ave

Woonsocket, RI 02895
$730,000
11 Beds
5 Baths
5,202 Living Area
  • Property Description
    Turnkey 5-unit investment gem! This fully occupied property features spacious units—four 2-bed/1-bath units and a massive 4-bed/2-bath unit—each with tenant-paid gas and electric. The 4th floor offers 4 additional rooms and common space, ideal for value-add income potential. Enjoy off-street parking for every unit, street parking, and a coin-op washer/dryer for added revenue. Recently painted exterior and refreshed common areas. Current rents are below market, offering solid upside. All tenants are month-to-month, except one. Don’t miss this rare opportunity to boost your portfolio with cash flow and growth potential!
  • Highlights
    • Heating: Steam, Natural Gas, Common
    • Parking Spots: 5
    • Property Type: 5+ Family - 5+ Units Up/Down
    • Total Rooms: 24
    • Status: Closed
    • Levels: 4
    • Property Class: Residential Income
    • Stories: 4
    • Year Built: 1930
  • Additional Details
    • Appliances: Range, Refrigerator
    • Construction: Stone
    • Flooring: Vinyl, Carpet, Hardwood
    • Interior Features: Walk-Up Attic, Storage, Bathroom with Shower Stall, Bathroom With Tub & Shower, Living Room, Kitchen
    • Roof: Shingle
    • Total Number of Units: 5
    • Year Built Source: Public Records
    • Basement: Full, Interior Entry, Unfinished
    • Exterior Features: Balcony/Deck
    • Foundation: Concrete Perimeter
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Actual
    • Zoning: R4
  • Amenities
    • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
    • Parking Features: Paved Drive, Off Street
  • Utilities
    • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
    • Water Source: Public, Individual Meter
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $586,800
    • Tax Year: 2024
    • Total Rent: $6,935
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
    • Taxes: $11,415

Location

242 4th Ave, Woonsocket, RI 02895

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