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Exterior
Bedroom
Living
Kitchen
Other
Bath

558 E School St, Woonsocket, RI 02895

$565,000

•

6
bed
5
bath
1,800
Sqft ($314/Sqft)

Multi-family for sale 3 hours

About 558 E School St

Property type Multi-family

Neighborhood

Year built 1900

HOA fee $0/month

Lot size 1,865 Sqft

Movoto estimate

Property description

Excellent investment opportunity! This 5-unit brick apartment building offers a great addition to any investment portfolio. The property consists of one 2-bedroom unit and four 1-bedroom units, with each apartment including a range and refrigerator. Additional features include a roof approximately 5 years old, vinyl replacement windows, natural gas heat and hot water, separately metered gas and electric, a coin-operated washer and dryer, and a fully fire-coded building. The owner currently pays all utilities, presenting an opportunity for future expense management and increased cash flow. The durable brick exterior offers low-maintenance ownership. Conveniently located near shopping, restaurants, public transportation, and other everyday amenities, this income-producing property is an excellent opportunity for both seasoned and first-time investors.

Listed by

Listing Agent - Debra Blanchet

Listing Office - RE/MAX Town & Country

Source: MLS Property Information Network, Inc.

MLS#73580420 • last updated 3 hours ago

Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago

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Overview
Cooling/AC	None
Heating	Baseboard, Natural Gas
Levels/Style	5, 5
MLS #	73580420
Type	Residential Income
Status	Active
SubType	5+ Family - 5+ Units Up/Down
SqFt	1800
Lot Size (SqFt)	1865
Lot Size (Acres)	0.04
Annual Property Tax	7016
Year Built	1900

Interior
Total # of Bathrooms	5
# Full Baths	5
Total # of Bedrooms	6
Total # of Rooms	16
Laundry	Gas Dryer Hookup, Washer Hookup
Flooring	Tile, Vinyl, Carpet
Appliances	Washer, Dryer, Range, Refrigerator
Interior Features	Laundry Room, Ceiling Fan(s), Living Room, Kitchen
Window Features	Insulated Windows

Exterior
Foundation	Slab
Roof	Shingle
Construction	Brick
Parking Desc	Paved Drive, Off Street, Paved
# Parking Spaces	1
Patio/ Porch	Deck

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
Electricity	Circuit Breakers, 100 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, Sidewalks
Zoning	R4
APN	M:21G L:2122, 562450
Directions	Use GPS

Multifamily Details
Rent Includes	Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water)
Net Operating Income	39510
Operating Expense	25500
Total Actual Rent	5650
Financial Data Source	Estimated, Owner
Expense: Water/ Sewer	2569
Gross Income	68400
Expense: Electricity	4656
Gross Scheduled Income	3858