Woonsocket, RI 02895,786 Social ST
Woonsocket, RI 02895,786 Social ST
Woonsocket, RI 02895,786 Social ST
34
$1,250,000
$1,250,000
Est.Price: ?

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7,368 SqFt

786 Social ST Woonsocket, RI 02895

Est. payment /mo
SOLD DATE : 04/28/2025

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,250,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,368 sqft

Price per Sqft $169

MLS Listing ID 1378042

Year Built 1910

Annual Tax Amount $13,557

Tax Year 2024

Lot Size 7,840 Sqft

Property Sub-Type Commercial

Property Description

786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants), this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to increase revenue even further. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.

Location

State RI

County Providence

Interior

Laundry In Unit

Exterior

Utilities Available Natural Gas Connected, Sewer Connected

Building

Story 3

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Frame

New Construction No

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Listed by New England Apartment Group
Bought with New England Apartment Group
agent

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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