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450 Summer Street

Woonsocket, RI 02895
  • $1,800,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 1373261
$1,800,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Introducing a rare opportunity to own a one-of-a-kind total of 10 units. One building is an 8-unit apartment house, nestled in one of the most desirable neighborhoods in the city. This exceptional property features meticulously maintained units, all in good condition, ensuring a comfortable living experience for tenants. Every unit boasts its own charm and character, providing a welcoming atmosphere for residents. The property includes a lovely yard, perfect for relaxation and ample parking space for both tenants and guests. A convenient coin-operated laundry facility on-site adds further appeal, making daily chores hassle-free. In addition to the 8-unit apartment house, this remarkable property encompasses a beautiful duplex, featuring two spacious Three -bedroom apartments. Ideal for larger families. The duplex provides an excellent living space while complementing the rental income from the apartment units. Rents are currently lower due to the presence of reliable, long-term tenants, reflecting the stability and community spirit of the neighborhood. This unique investment opportunity not only promises steady income but also the potential for future growth as new tenants come in. Don't miss the chance to acquire this well-maintained apartment complex in a prime location, where charm meets functionality, and community living shines. Whether you're an experienced investor or a first-time buyer, this property is a must-see!

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-07T23:37:55.353.
www.krekorianteam.com/homes/158006250
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450 Summer Street Woonsocket, RI 02895

  • Price: $1,800,000
  • Status: Active
  • On Site: 19 Days
  • MLS #: 1373261
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1900
Built
Neighborhood:
North End
County:
Providence
Area:
Woonsocket
Property Description
Introducing a rare opportunity to own a one-of-a-kind total of 10 units. One building is an 8-unit apartment house, nestled in one of the most desirable neighborhoods in the city. This exceptional property features meticulously maintained units, all in good condition, ensuring a comfortable living experience for tenants. Every unit boasts its own charm and character, providing a welcoming atmosphere for residents. The property includes a lovely yard, perfect for relaxation and ample parking space for both tenants and guests. A convenient coin-operated laundry facility on-site adds further appeal, making daily chores hassle-free. In addition to the 8-unit apartment house, this remarkable property encompasses a beautiful duplex, featuring two spacious Three -bedroom apartments. Ideal for larger families. The duplex provides an excellent living space while complementing the rental income from the apartment units. Rents are currently lower due to the presence of reliable, long-term tenants, reflecting the stability and community spirit of the neighborhood. This unique investment opportunity not only promises steady income but also the potential for future growth as new tenants come in. Don't miss the chance to acquire this well-maintained apartment complex in a prime location, where charm meets functionality, and community living shines. Whether you're an experienced investor or a first-time buyer, this property is a must-see!
Exterior Features

Construction Materials Frame Foundation Details Combination Concrete Perimeter Levels Three Or More Lot Features Corner Lot Parking Total 12

Interior Features

Basement Partial Basement YN Yes Cooling None Cooling YN No Furnished Unfurnished Heating Baseboard Heating YN Yes

Property Features

Community Features Highway Access Near Hospital Near Schools Public Transportation Restaurant Shopping Sidewalks Electric Circuit Breakers Gross Income 165320 Human Modified YN Yes Land Lease YN No Laundry Features Common Area Laundry Room New Construction YN No Owner Pays Heat Hot Water Insurance Snow Removal Sewer Taxes Trash Collection Water Possible Use Multi- Family Residential Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Paved Security Features Fire Alarm Smoke Detector(s) Sewer Connected Sanitary Structure Type Apartment Multi Family Tax Annual Amount 20975 Tax Assessed Value 808600 Tax Lot 36+37 Tax Year 2024 Tenant Pays Cable TV Electricity Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Municipal Utilities Water Connected Sewer Connected Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of RE/MAX Properties: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-07T23:37:55.353.
 
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John Krekorian | RE/MAX Flagship
140 Point Judith Road #23
Narragansett RI, 02882