214 Burnside Avenue Woonsocket, RI 02895
Other
MLS #: 1424574
Courtesy Of Bond Brokerage
Property InformationDescription
$133,800 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)
Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 4
- Floors: 3
- Heating System: Baseboard
- Heating System: Forced Air
- MLSID: 1424574
- Parking Spaces: 6
- Rooms: Basement
MAP & DIRECTIONS
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