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214 Burnside, Woonsocket, RI 02895

$995,000
•
  • 14

    bed

  • 6

    bath

  • 5,892

    Sqft ($169/Sqft)

Multi-family for sale 45 days

About 214 Burnside

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Property description
$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit (5-2 bed units, 1-4 bed 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)
Listed by
Listing Agent - Donald Martone
Listing Office - BOND BROKERAGE
Source: MLS Property Information Network, Inc. mls logo
MLS#73584115 • last updated 4 weeks ago
Movoto checked MLS Property Information Network, Inc. for data 9 minutes ago
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Overview
Cooling/AC Window Unit(s)
Heating Forced Air, Baseboard
Levels/Style 5, 5
MLS # 73584115
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 5892
Lot Size (SqFt) 6970
Lot Size (Acres) 0.16
Annual Property Tax 10939
Year Built 1900
Interior
Total # of Bathrooms 6
# Full Baths 6
Total # of Bedrooms 14
Basement Full, Partially Finished
Total # of Rooms 22
Flooring Hardwood
Appliances Range, Refrigerator
Window Features Insulated Windows
Exterior
Foundation Concrete Perimeter, Brick/Mortar, Irregular
Roof Asphalt/Composition Shingles
Parking Desc Paved Drive, Off Street
# Parking Spaces 6
Patio/ Porch Porch
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers, 150 Amp Service
Water Source Public
Location
County Providence
Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Private School, Public School, T-Station, Sidewalks
Zoning R4
APN 563797
Multifamily Details
Net Operating Income 115860
Total Actual Rent 11150
Gross Income 133800
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
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  • Real Estate
  • RI
  • Providence County
  • Woonsocket
  • 02895
  • East Woonsocket
  • 214 Burnside

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