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214 Burnside Avenue

Woonsocket RI 02895

10
6
6
6856 sq. ft.
6970 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

$133,800 in annual scheduled rental income. 212 214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212 214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)

Features

10 bedrooms
6 bathrooms
6 carspaces
6856 sq. ft. floor area
6970 sq. ft. lot size
Multi-Family

Property history for 214 Burnside Avenue

2023
Sold
Undisclosed
27 Jan 2023

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 10 bedroom multi families in Woonsocket

In the last 12 months, 3 numeral.10-bedroom multi families similar to 214 Burnside Avenue, have been sold.

This represents a 40% increase in numeral.10-bedroom multi families sales when compared to the previous 12 months.

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