$730,000
$699,900
4.3%For more information regarding the value of a property, please contact us for a free consultation.
242 4th AVE Woonsocket, RI 02895
12 Beds
6 Baths
9,384 SqFt
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,384 sqft
Price per Sqft $77
Subdivision Fairmount
MLS Listing ID 1385858
Sold Date 08/29/25
Bedrooms 12
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 9,384
Year Built 1930
Annual Tax Amount $6,152
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Property Description
A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)
Location
State RI
County Providence
Community Fairmount
Zoning R4
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Interior Steps, Tub Shower
Heating Gas, Hot Water, Steam
Cooling None
Flooring Carpet, Hardwood, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater, Oven, Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Paved Driveway
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Total Parking Spaces 5
Garage No
Building
Foundation Stone
Sewer Connected
Water Connected
Structure Type Drywall,Shingle Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 2424THAVWOON
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 State-Wide Multiple Listing Service. All rights reserved.
Bought with Real Broker, LLC