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$ 949,000
Est. payment /mo
New
414 420 Rathbun St Woonsocket, RI 02895
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73541393
HOA Y/N false
Year Built 1900
Annual Tax Amount $7,758
Tax Year 2025
Property Description
Exceptional opportunity to acquire SEVEN income-producing condominium units across two professionally managed buildings. This package includes a total of 14 bedrooms, 7 bathrooms, and approximately 5,492 square feet of living area across seven separately deeded units. Currently generating $10,325 per month in rental income, the portfolio consists of a diverse mix of 1, 2, and 3-bedroom units, with six units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SEVEN condominium uni
Location
State RI
County Providence
Direction Use GPS
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Keller Williams Elite
Nearby Locations