341 Burnside Avenue

Woonsocket, 罗得岛, 美国

This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft.] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with $300K worth of inventory, and a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month if not owner-operated. PROFORMA CAP RATE only using potential rental income + accounting for selling $300K worth of inventory: 9.25%-11.74%. Showings by appointment only. 72 Hour notice minimum required.