72 Kendrick Ave - Schools FOR SALE


Woonsocket, RI 02895
$5,000,000 USD
508-726-3492
72 Kendrick Ave, Woonsocket, RI for Sale
$5,000,000 USD
Schools - FOR SALE
1/23
null | 7% Cap Rate

72 Kendrick Ave
Woonsocket, RI 02895


HIGHLIGHTS

  • Just minutes from the downtown district
  • Close to major commercial corridors including Diamond Hill Road and Mendon Road
  • Fully Updated 21-Unit Residential Building Offering Strong Returns and Impressive 7% Cap Rate

OVERVIEW

ATTENTION DEVELOPERS AND INVESTORS! Incredible opportunity in Woonsocket to own a fully updated 21-unit residential building offering strong returns. This property boasts an impressive 7% cap rate with an NOI of $359,600, making it an ideal addition to any investment portfolio. Total rents about $450,000. All units have been completely renovated with modern finishes, new appliances, and attractive, functional layouts designed to appeal to today’s tenants. Conveniently located with easy access to local shops, restaurants, and everyday amenities, and just minutes from the downtown district. Close to major commercial corridors including Diamond Hill Road and Mendon Road. Easy access to Interstate 146 provides convenient commuting to Providence and Worcester. Near the Blackstone River and Blackstone River Greenway, with close proximity to Landmark Medical Center.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

R4

APN/PARCEL ID

WOON-000037C-000043-000009

ASK ABOUT THIS PROPERTY

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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