Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
43
$730,000
$699,900
4.3%
Est.Price: ?

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12 BD
6 BA
9,384 SqFt

242 4th AVE Woonsocket, RI 02895

Est. payment /mo
SOLD DATE : 08/29/2025

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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 $730,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,384 sqft

Price per Sqft $77

Subdivision Fairmount

MLS Listing ID 1385858

Bedrooms 12

Full Baths 6

Year Built 1930

Annual Tax Amount $6,152

Tax Year 2024

Lot Size 5,662 Sqft

Property Sub-Type Multi Family

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! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)

Location

State RI

County Providence

Community Fairmount

Zoning R4

Interior

Heating Gas, Hot Water, Steam

Cooling None

Flooring Carpet, Hardwood, Vinyl

Fireplaces Type None

Laundry Common Area

Exterior

Exterior Feature Paved Driveway

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

Utilities Available Sewer Connected

Building

Foundation Stone

Sewer Connected

Water Connected

Structure Type Drywall,Shingle Siding,Vinyl Siding

New Construction No

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Listed by Engel & Volkers
Bought with Real Broker, LLC
Eric Coury

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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