198 4th Avenue

Woonsocket, RI 02895

Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled peace of mind. Featuring a sought-after configuration of two 3-bedroom units, and two 2-bedroom units, alongside an impressive nearly 7% cap rate, this property promises sustained occupancy and robust positive cash flow. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment. While offering immediate returns, there also exists untapped potential for further enhancement, presenting savvy investors or owner occupants with opportunities to maximize value. Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term. Check out the 360 tour and be sure to attend one of the three open houses this weekend!

This is an Active listing.

Broker Office Phone Number: 401-829-8323

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