Movoto Real Estate

145 Burnside Ave, Woonsocket, RI 02895

  • $725,000

  • 9

    bed

  • 4

    bath

Multi-family for sale 2 hours
Movoto is helping 37 homebuyers near you

About 145 Burnside Ave

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 5,227 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.
Listed by
Listing Agent - Kimberly Rodrigues
Listing Office - eXp Realty
Source: State-Wide MLS mls logo
MLS#1416359 • last updated 2 hours ago
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Overview
Cooling/AC None
Levels/Style Apartment
MLS # 1416359
Virtual Tour External Link
SubType Multi Family
Status Active
Lot Size (SqFt) 5227
Lot Size (Acres) 0.12
Property Tax 5130
Tax Assessed Value 456800
Year Built 1914
Interior
Total # of Bathrooms 4
# of Full Baths 4
Totall # of Bedrooms 9
Total # of Rooms 19
Laundry Common Area
Appliances Water Heater
Exterior
Construction Vinyl Siding
# Garage Spaces 2
# of Covered Spaces 2
# of Parking Spaces 6
Exterior Features Paved Driveway
Amenities / Utilities
Utilities Sewer Connected
Electricity Circuit Breakers
Location
County Providence
APN 145BURNSIDEAVWOON
Multifamily Details
Total # of Units 4
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Around East Woonsocket

Explore everything this neighborhood has to offer. Learn more about East Woonsocket.
62/100
Walk
78/100
Family
45/100
Dining
79/100
Pet
  • Real Estate
  • RI
  • Providence County
  • Woonsocket
  • 02895
  • East Woonsocket
  • 145 Burnside Ave

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