414 Rathbun Street, Woonsocket, RI 02895
sale
$840,154
|
Other
Courtesy Of Keller Williams No Attleboro
Exceptional opportunity to acquire SIX income-producing condominium units across TWO professionally managed buildings. This package includes a total of 13 bedrooms, 6 bathrooms, and approximately 4,862 square feet of living area across SIX separately deeded units. Currently generating $9,025 per month in rental income, the portfolio consists of a diverse mix of 2, and 3-bedroom units, with five units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SIX CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Three units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Wall Unit(s)
- Exterior Type: Frame
- Heating System: Baseboard
- Heating System: Space Heater
- MLSID: 1424722
- Parking Spaces: 10
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