450 Summer Street, Woonsocket, Commercial

$ 1,800,000
450 Summer Street, ,
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Overview

  • Updated On:
  • December 5, 2024

Description

Introducing a rare opportunity to own a one-of-a-kind total of 10 units. One building is an 8-unit apartment house, nestled in one of the most desirable neighborhoods in the city. This exceptional property features meticulously maintained units, all in good condition, ensuring a comfortable living experience for tenants. Every unit boasts its own charm and character, providing a welcoming atmosphere for residents. The property includes a lovely yard, perfect for relaxation and ample parking space for both tenants and guests. A convenient coin-operated laundry facility on-site adds further appeal, making daily chores hassle-free. In addition to the 8-unit apartment house, this remarkable property encompasses a beautiful duplex, featuring two spacious Three -bedroom apartments. Ideal for larger families. The duplex provides an excellent living space while complementing the rental income from the apartment units. Rents are currently lower due to the presence of reliable, long-term tenants, reflecting the stability and community spirit of the neighborhood. This unique investment opportunity not only promises steady income but also the potential for future growth as new tenants come in. Don’t miss the chance to acquire this well-maintained apartment complex in a prime location, where charm meets functionality, and community living shines. Whether you’re an experienced investor or a first-time buyer, this property is a must-see!

Address: 450 Summer Street
Area:
State/County:
Zip: 02895
Country: US
Open In Google Maps
Property Id : 521446
Price: $ 1,800,000
Basement: Partial
Bridge Modification Timestamp: 2024-12-05T12:33:32.447Z
Building Area Total: 0
Building Features: Laundry Room
Business Type: Duplex/Fourplex,Residential
Community Features: Bus,Commuter Bus,Highway Access,Hospital,Interstate,Private School,Public School,Restaurants,Schools,Shopping
Construction Materials: Frame
Contract Status Change Date: 2024-11-18
Cooling: None
Electric: Circuit Breakers
Foundation Details: Concrete Perimeter,Mixed
Furnished: Unfurnished
Gas: Connected
Gross Income: 165320
Heating: Baseboard
Laundry Features: In Building
List Agent Direct Phone: 401-356-1519
List Agent Email: sweethouse4sale@aol.com
List Agent Full Name: The Stearns McGee Team
Listing Contract Date: 2024-11-18
Listing Id: 1373261
Living Area Units: Square Feet
Lot Features: Corner,Paved,Sidewalks,Downtown,Suburban
Lot Size Area: 19602
Lot Size Square Feet: 19602
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-12-05T12:30:30.053Z
Number Of Buildings: 2
Number of Units in Community: 0
Number of Units Leased: 10
Number of Units Total: 0
Occupant Type: Tenant
Original Entry Timestamp: 2024-11-19T01:09:28.430Z
Original List Price: 1800000
Owner Pays: Heat,Hot Water,Insurance,Sewer,Snow Removal,Taxes,Trash Services,Water
Parking Total: 12
Possible Use: Multi-Family,Residential,Residential
Road Frontage Type: Municipal,Sidewalks
Security Features: Fire Alarm,Smoke Detector(s)
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-11-19T01:09:28.430Z
Stories Total: 3
Street Additional Info: 464
Street Name: Summer
Street Number: 450
Street Suffix: Street
Structure Type: Apartment,Multi Family
Tax Annual Amount: 20975
Tax Year: 2024
Utilities: Cable Connected,Electricity Connected,Gas,Municipal Water,Sanitary Sewers
Water Source: Connected
Year Built: 1900
Years Current Owner: 22
Other Features
Ceiling Height: 7-9 Ft
Electrical Utility Available
Has Heating System
Property Attached
$ 6,978.96
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,978.96

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Alyse Antone Smyth, Esq.