$550,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
201 4th AVE Woonsocket, RI 02895
12 Beds
4 Baths
8,768 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,768 sqft
Price per Sqft $62
Subdivision Fairmount
MLS Listing ID 1350928
Sold Date 02/29/24
Bedrooms 12
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 8,768
Year Built 1920
Annual Tax Amount $10,479
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
This strong income producer is ideal for an investor or owner occupant looking to have solid investment. The property can use some sprucing on the interior but has good bones. Might require 203K or Renovation Loan for an FHA or VA Buyer. Roof was installed approximately 9 years ago and Exterior paint was done about the same time. First floor is vinyl sided. There is a three bay garage in the back currently occupied by the Seller that he's willing to pay to rent going forward, which will make your income all the stronger. Tenants pay by the week with all utilities included which is why the rent is so strong. The rental income would indicate a much higher list price, however we need to balance what the market pricing and the current property condition for appraisal purposes. Offers up to about 10% over list price should still be likely to appraise. This property is a win for anyone who doesn't mind doing their own improvements or is comfortable adding value over time. CURRENT lead certificates are available for each unit and the third floor has new windows. Check out the 360 Tour and schedule your viewing today!
Location
State RI
County Providence
Community Fairmount
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Attic, Permanent Attic Stairs, Tub Shower
Heating Baseboard, Electric, Gas, Steam, Space Heater
Cooling None
Flooring Hardwood, Laminate, Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Exterior
Exterior Feature Porch, Paved Driveway
Parking Features Detached
Garage Spaces 3.0
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Handicap Access Accessibility Features
Porch Porch
Total Parking Spaces 8
Garage Yes
Building
Foundation Stone
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Drywall,Plaster,Shingle Siding,Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 2011994THAVWOON
Financing FHA,VA
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