64 Harrison Ave - Apartments FOR SALE


Woonsocket, RI 02895
$1,950,000 USD
401-480-8990
64 Harrison Ave, Woonsocket, RI for Sale
$1,950,000 USD
Apartments - FOR SALE
1/19
null | 7.13% Cap Rate

64 Harrison Ave
Woonsocket, RI 02895


HIGHLIGHTS

  • High Income Generator With Room to Grow
  • Opportunity Zone
  • New Roofs & Heating Systems

OVERVIEW

12 units on almost an acre of land available in Woonsocket, RI in an opportunity zone. This investment property brings in over $200,000 in rental income annually and has room to grow. New boiler and hot water tank in each of the 2 buildings. New bathtubs and vanities in 11 of the 12 units. Building #58 has gone through a complete remodel which includes new kitchen cabinets, appliances, flooring, fixtures, paint, etc. New structural supports in the basement, as well as a freshly poured concrete floors and parged walls in the basement. Building #64 has 3 of the 6 units that have been completely remodeled throughout. New concrete skirting and drainage system around both buildings. New coin-operated laundry in both buildings. Lead certificates obtained for 11 of the 12 units. Plenty of Parking. Firecoded. Great long-term investment.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

12

PRICE/UNIT

$162,500

CAP RATE

7.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

58 & 64 Harrison Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,898 SF

ZONING

R4

APN/PARCEL ID

WOON-000027E-000007-000001

ASK ABOUT THIS PROPERTY

Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

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Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.