RI > Woonsocket > Blackstone, Ma-Ri Line
Woonsocket, RI 02895,341 Burnside AVE
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Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

+1(401) 269-6015
$ 1,249,900
Est. payment /mo
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Pending

341 Burnside AVE Woonsocket, RI 02895

18 Beds

6 Baths

7,740 SqFt

UPDATED:

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

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Smith and Oak Real Estate Co.
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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341 Burnside AVE