786 Social Street Active Save Request In-Person Tour Request Virtual Tour
Woonsocket,RI 02895
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 7,368 sqft
Price per Sqft $169
MLS Listing ID 73335306
Bedrooms 19
Full Baths 8
Year Built 1910
Annual Tax Amount $13,557
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to further increase revenue. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. Financials available.
Location
State RI
County Providence
Zoning R4
Direction Chester Street
Rooms
Basement Full
Interior
Interior Features Upgraded Cabinets,Upgraded Countertops,Remodeled
Appliance Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer
Exterior
Exterior Feature Balcony
Community Features Public Transportation,Shopping,Laundromat,Highway Access,Public School,University
Total Parking Spaces 7
Garage No
Building
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false