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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5,663 Sqft Lot

242 4th AVE Woonsocket, RI 02895

Est. payment /mo
SOLD DATE : 08/27/2025

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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 Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Fairmount

MLS Listing ID 1385859

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

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

Building

Story 3

Foundation Combination, Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

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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