About 214 Burnside
$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212–214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)
Features of 214 Burnside
| MLS® # | 73584115 |
|---|---|
| Price | $995,000 |
| Bedrooms | 14 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 5,892 |
| Acres | 0.16 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 214 Burnside |
|---|---|
| City | Woonsocket |
| County | Providence |
| State | RI |
| Zip Code | 02895 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Paved Drive, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Forced Air, Baseboard |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Windows | Insulated Windows |
|---|---|
| Roof | Asphalt/Composition Shingles |
| Foundation | Concrete Perimeter, Brick/Mortar, Irregular |
Additional Information
| Zoning | R4 |
|---|
Listing Details
| Agent | Donald Martone |
|---|---|
| Office | BOND BROKERAGE |