341 Burnside AVE Pending Save Request In-Person Tour Request Virtual Tour
Woonsocket,RI 02895
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,740 sqft
Price per Sqft $161
Subdivision Blackstone, Ma/Ri Line
MLS Listing ID 1379537
Bedrooms 18
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 7,740
Year Built 1900
Annual Tax Amount $11,140
Tax Year 2023
Lot Size 0.265 Acres
Acres 0.2647
Property Sub-Type Multi Family
Property Description
This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft.] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.
Location
State RI
County Providence
Community Blackstone, Ma/Ri Line
Zoning R4
Rooms
Basement Full,Interior Entry,Unfinished
Interior
Interior Features Tub Shower
Heating Baseboard,Gas,Space Heater
Cooling None
Flooring Carpet,Hardwood,Laminate
Fireplaces Type None
Inclusions Includes $85,000 of net income from bait shop. $5,050 per month in total res. rent.. PROFORMA is 8,400-10,200 p/ month. There are also 4 garage bays (potential $200 p/month p/bay)
Fireplace No
Appliance Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Washer
Laundry Common Area
Exterior
Parking Features Detached
Garage Spaces 6.0
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
Utilities Available Sewer Connected
Total Parking Spaces 18
Garage Yes
Building
Foundation Stone
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Plaster,Aluminum Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 341BURNSIDEAVWOON
Acceptable Financing Lease Back
Listing Terms Lease Back