347 Grove ST Woonsocket, RI 02895

Price just reduced to $849k! Don't miss this incredible investment opportunity in a very large, 7-unit residential building. Each unit features a spacious 3-bedroom layout, boasting approximately 1,100 sq ft of living space. Currently, the building generates a monthly income of $9,100, with a cap rate of over 8.25%. Long-term tenants provide stable rental income, and there is significant potential to further increase rents. The property offers a convenient coin-operated laundry room and ample off-street parking. Tenants pay their own utilities, maximizing returns. With updated electrical, plumbing, and heating systems, the building offers some modern functionality and efficiency. The fire alarm system is up to date and regularly tested. With a total of 7,913 sqft, these generously sized apartments present great rental potential. Take advantage of below market rents.