RI > Woonsocket > Fairmount
Woonsocket, RI 02895,242 4th AVE
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Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
Woonsocket, RI 02895,242 4th AVE
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

Greenwich Bay Brokers

+1(401) 269-6015
$ 699,900
Est. payment /mo
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Pending

242 4th AVE Woonsocket, RI 02895

12 Beds

6 Baths

9,384 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,384 sqft

Price per Sqft $74

Subdivision Fairmount

MLS Listing ID 1385858

Bedrooms 12

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 9,384

Year Built 1930

Annual Tax Amount $6,152

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Multi Family

Property Description

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)

Location

State RI

County Providence

Community Fairmount

Zoning R4

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Tub Shower

Heating Gas, Hot Water, Steam

Cooling None

Flooring Carpet, Hardwood, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater, Oven, Range, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Paved Driveway

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Utilities Available Sewer Connected

Total Parking Spaces 5

Garage No

Building

Foundation Stone

Sewer Connected

Water Connected

Structure Type Drywall,Shingle Siding,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 2424THAVWOON

Virtual Tour https://tour.RiLiving.com/242-4th-Avenue-Woonsocket-RI-02895--1385858

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Engel & Volkers
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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242 4th AVE