786 Social Street , Woonsocket, RI 02895
Woonsocket, RI 02895
Description
786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants), this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to increase revenue even further. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.
Details
| MLS# | 1378169 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 65 |
| Listing Provided By | New England Apartment Group | John Slyman |
Features
| Bed(s) | 19 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 7,368 |
| Basement | Y |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.18 |
Market Activity 02895
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Woonsocket |
| Zip Code | 02895 |
| Area | Providence |
| Listing VS Median (In 02895) | |
Price: $1,250,000 low | high Med: $399,900 SqFt: 7,368 low | high Med: 1,750 $ / SqFt: $170 low | high Med: $254 On site: 65 low | high Med: 35.500000 | |