54 hamlet avenue Woonsocket, RI 02895

Rare opportunity to own 9 units on one lot. This property consists of 2 buildings front to back on one lot with plenty of parking for all. Front building is a 5-unit (4 2 beds, 1 3 bed) with coin op laundry located in the basement for all tenants to use. The rear building is a 4-unit with 2 1-bed apartments on the first floor and very large 3-bedroom apartments on the 2nd and 3rd floor respectively. Large front porches, loads of parking, new vinyl siding, all separate utilities, recently updated apartments, and fully fire coded turnkey property. This property grosses $90,000 per year in rents and performs at roughly a 10.6% Cap Rate (See attached profit and loss). Many of the rents are still well below market rents with longer term tenants so plenty of room to add value as well.


Property Details

MLS#
1232998
Type
Commercial
County
Providence
Year Built
1880
Lot Size
14,710 Sq Ft
Taxes
$10,498
Tax Year
2019

Additional Details


Exterior

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Woonsocket

Woonsocket is one of the most heavily French-Canadian cities in New England. Historically, the city has been called, “La ville la plus française aux États-Unis” (The most French city in America). In the spirit of the French, a joie de vivre pervades the Woonsocket area with its many attractions and pastimes.


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The real estate data on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. The IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2019 State-Wide MLS, Inc. All rights reserved. Data last updated 10/20/19.

LISTED BY: KELLER WILLIAMS REALTY NRI

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