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145 Burnside Avenue

Woonsocket RI 02895

9
4
6
4365 sq. ft.
5227 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.

Features

9 bedrooms
4 bathrooms
6 carspaces
2 garage spaces
4365 sq. ft. floor area
5227 sq. ft. lot size
Multi-Family

Property history for 145 Burnside Avenue

2021
Sold
$385,000
30 Mar 2021 by Amy Bedard, of CrossRoads Real Estate Group

Happy sellers in Woonsocket

84%
84% of sellers in Woonsocket reported that their sale price either exceeded or met their price expectations.

Woonsocket stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Woonsocket over the last 12 months.

Local market activity for 9 bedroom multi families in Woonsocket

In the last 12 months, 12 nine-bedroom multi families similar to 145 Burnside Avenue, have been sold.

This represents a 61% increase in nine-bedroom multi families sales when compared to the previous 12 months.

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(619) 566-0008
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