786 Social Street Woonsocket, Rhode Island
Listed By New England Apartment Group
The Multi Family Home for Sale located at Woonsocket, Rhode Island is currently for sale. Woonsocket, Rhode Island is listed for $1,250,000. This property has 19 bedrooms, 8 bathrooms, Total Parking features. If the property located at Woonsocket, Rhode Island isn't what you're looking for, visit https://www.rilivingglobal.com to see other Multi Family Homes for Sale in Woonsocket .
Date Updated : Feb 15, 2025
MLS#: 1378169
$1,250,000 USD
- TypeMulti Family Home
- Bedrooms19
- Bathrooms8
Property features
Key features
- Total Parking
Construction details
- Year built: 1910
Other features
- Property features: Balcony
- Appliances: Gas Water Heater
- Heating system: Baseboard Natural Gas Electric
Area
- Land/Lot size: 7,840ft²
- Bedrooms: 19
- Bathrooms: 8
- Total rooms: 27
Description
786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to increase revenue even further. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.
Location
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