51 Wood Avenue, Woonsocket, RI, 02895
33 rooms
16 beds
8 Full baths
1910
Stacked, Side By Side
An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island's most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
R4
Frontage:
86
Garage:
No Garage
Heating:
Gas
Cooling:
None
Basement:
Exterior Entry, Full, Interior Entry, Partially Finished
Parking:
13-car
Acreage:
0.2
Est. Taxes:
$9,139
Assessment
$813,800
Construction
Vinyl Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
10
Appliances:
Electric Water Heater, Gas Water Heater
MLS #:
1409850
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Bond Brokerage 401-533-1021