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198 Fourth Ave Woonsocket, RI 02895
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,149 sqft
Price per Sqft $132
MLS Listing ID 73238565
Sold Date 06/27/24
Bedrooms 10
Full Baths 4
Year Built 1920
Annual Tax Amount $8,760
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
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!
Location
State RI
County Providence
Zoning R4
Direction GPS
Rooms
Basement Full, Walk-Out Access, Bulkhead, Concrete, Unfinished
Interior
Interior Features Ceiling Fan(s), Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Dining Room, Kitchen
Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Vinyl, Varies, Laminate, Hardwood
Appliance Range, Refrigerator
Laundry Gas Dryer Hookup, Electric Dryer Hookup
Exterior
Exterior Feature Balcony/Deck
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University
Utilities Available for Gas Range, for Electric Range, for Gas Dryer, for Electric Dryer, Varies per Unit
Roof Type Rubber
Total Parking Spaces 5
Garage No
Building
Lot Description Gentle Sloping
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
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Bought with Stacy Corrigan • Peace of Mind Property Management & Real Estate, Inc.