Address
61 Elm Street, Woonsocket, RI
Price
$ 799,000
Property Attributes
- MLS#1346926
- TypePending
- CountyPROVIDENCE
- CityWoonsocket
- Zip02895
- StyleCommercial
- Year Built1900
- Taxes$ 3734
- Price$ 799,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8,276 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
DO NOT MISS THIS - Turn key, high cap rate, full performing, and well maintained 7 unit property is new to market. The property consists of two buildings on a corner lot. The Elm St building features four 2 bed 1 bath units and a 4 bed 1 bath unit with over 2100 square feet of combined living space. The Brook St building is a 2 unit building consisting of 2 beds 1 bath on the first floor and a 4 beds 1 bath on the second and third floor with a bonus room on the fourth floor. The Elm St building has a new roof and several new mechanical elements. The Brook St building shows like a new construction on the interior and has had long term stable tenants. Ample off street parking and designated dumpster location. This property produces excellent rental income and is close to all major highways and downtown Providence! New investors, seasoned investors or partners, this one makes a ton of sense for your portfolio.Tenants are responsible for their own utilities.
| Price History | |
|---|---|
| 11/1/2023 | Listed $799,000 |
General Features
| Sewer | Connected,PublicSewer |
|---|---|
| Utilities | SewerConnected |
| Possession | Negotiable |
| Year Built | 1900 |
| Electric | Item100AmpService |
| Tenant Pays | Electricity,Gas,Heat,HotWater |
| Property SubType | Commercial |
| Tax Year | 2023 |
| County | Providence |
| Net Operating Income | 93300.0 |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Pending |
| City | Woonsocket |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Lot Size Square Feet | 8276.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Elm |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 3734.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/61-Elm-ST-Woonsocket-RI-02895--1346926 |
| Days on Market | 145 |
| Structure Type | MultiFamily |
| Standard Status | Pending |
| Tax Assessed Value | 267100 |
| Tax Lot | 23 |
| Cap Rate | 8.93 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Above Grade Finished Area | 0.0 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Total Parking | 6.0 |
|---|---|
| Lot Size Area | 8276.0 |
| Number of Buildings | 2 |
| Spa | No |
| Building Area Total | 0.0 |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 02895
Price
Taxes
Visits
Year Built
Walkscore
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