Homes for sale - 242 4th AVE, Woonsocket, RI 02895

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Renee Moussally

renee.moussally1@gmail.com +1(401) 499-9049

$ 699,900

Est. payment | -/mo

5,663 Sqft Lot

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$ 699,900

Est. payment | -/mo

Save Virtual Tour

5,663 Sqft Lot

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)

Virtual Tour https://tour.RiLiving.com/242-4th-Avenue-Woonsocket-RI-02895

Listed by Engel & Volkers

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Renee Moussally

REALTOR® | Lic# RES.0042756

renee.moussally1@gmail.com

+1(401) 499-9049

631 Main Street East Greenwich, RI, 02818

242 4th AVE Woonsocket, RI 02895

Renee Moussally

Key Details

Location

Rooms

Interior

Exterior

Building

Others

242 4th AVE