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508-762-7848
Emiel Barbosa - Real Estate Agent - Greater Boston Brockton Stoughton South Shore & South Coast - Vicente Realty
214 Burnside, Woonsocket, RI 02895
- $995,000
- 14
- BD
- 6
- BA
- 5,892
- SqFt
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 73584115
- Bedrooms
- 14
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 5,892
- Lot Size (Acres)
- 0.16
- Year Built
- 1900
Property Description
$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212–214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)
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Additional Information
- Taxes
- $10,939
- Parking Description
- Paved Drive, Off Street
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Donald Martone from Listing Office: BOND BROKERAGE.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.