RI > Woonsocket > Fairmount
Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
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$699,900
Est. payment /mo
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5,663 Sqft Lot
Pending

242 4th AVE Woonsocket, RI 02895

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Fairmount

MLS Listing ID 1385859

HOA Y/N No

Year Built 1930

Annual Tax Amount $11,415

Tax Year 2024

Lot Size 5,663 Sqft

Property Sub-Type Commercial

Property Description

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market!

Location

State RI

County Providence

Community Fairmount

Zoning R4

Rooms

Basement Full

Interior

Heating Gas, Steam

Cooling None

Laundry Common Area

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Utilities Available Electricity Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Street Surface Paved

Total Parking Spaces 5

Building

Story 3

Foundation Combination, Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 2424THAVWOON

Security Features Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s)

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agent
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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agent
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

YOUR LOCAL REAL ESTATE EXPERTS

Tricia Coury

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

Eric Coury

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

Scott Garcia

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Scott Garcia

Home Buyer Specialist

+1(508) 821-8160

scott@thecouryteam.com

Nathaly Castillo

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Nathaly Castillo

Transaction Coordinator

+1(727) 203-5117

office@thecouryteam.com

http://www.thecouryteam.com/

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I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.