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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73584905
HOA Y/N false
Year Built 1900
Annual Tax Amount $7,758
Tax Year 2025
Property Description
Exceptional opportunity to acquire FIVE income-producing condominium units across TWO professionally managed buildings. This package includes a total of 11 bedrooms, 5 bathrooms and FIVE separately deeded units. Currently generating $7,525 per month in rental income, the portfolio consists of a diverse mix of 2, and 3-bedroom units, with all five units occupied, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The FIVE CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Two units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street.
Location
State RI
County Providence
Direction Use GPS
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Keller Williams Elite
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