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420 Rathbun St

Woonsocket RI 02895

8
4
8
3145 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Rare opportunity to acquire FOUR income-producing condominium units within a professionally managed 6-unit building. This package includes a total of 8 bedrooms, 4 bathrooms, and approximately 3,145 square feet across four separately deeded units. Currently generating $5,900 per month in rental income, the portfolio offers a diverse unit mix consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The property provides immediate cash flow with long-term appreciation and rental growth potential. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and maintenance expenses. A unique investment opportunity for buyers seeking multiple income producing units in one transaction with stable cash flow and strong rental demand in the Woonsocket market.

Features

8 bedrooms
4 bathrooms
8 carspaces
3145 sq. ft. floor area
Multi-Family

Property history for 420 Rathbun St

2016
Sold
$20,000
07 Oct 2016 by Joy Riley

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 8 bedroom multi families in Woonsocket

In the last 12 months, 14 eight-bedroom multi families similar to 420 Rathbun St, have been sold.

This represents a 39% increase in eight-bedroom multi families sales when compared to the previous 12 months.

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(619) 566-0008
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