Silvia Ertl-Islam
51 Wood Ave, Woonsocket, RI, 02895
33 rooms
0 beds
1910
6,300 sqft
Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.
Status:
Active
Type:
Multi-family
Units:
8
Zoning:
R4
Frontage:
86.00
Basement:
Full, Interior Entry, Concrete, Unfinished
Levels:
5
Parking:
13-car, Paved Drive, Off Street, Tandem, Common, Paved
Acreage:
0.2
Est. Taxes:
$17,333
Assessment
$813,800
Construction
Frame
Lot Description:
Level, Sloped
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
MLS #:
1409850
Community Info
School Info
Walk Score
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Listing courtesy of Donald Martone 401-533-1021