7 unit In nice area of Woonsocket R.I. 280,000

[Christopher Stobbart]

Located in Mt.Bernon area of Woonsocket. Big Legal 7 unit surrounded by nice singles and doubles well taken care of neighborhood (rare in Woonsocket). Building has what tenants want = Off street parking appx 9-11 spaces. On site coin ops in basement. Separate storage for each tenant . Nice neighborhood near good elementary

4 units in front are large with 2 beds and double parlors, 3 in back are 2 beds single parlor. 

Current rents are $850 could easily be more Fair market rents are appx $950  Woonsocket section 8 allows $1010 for 2 beds $1250 for 3beds.  All units could be made into 3 beds. 2 empty units being renovated have New insulation, walls, wiring and windows . Still need kitchen and baths finished.

Will need a roof soon . Not leaking but shingles starting to go. Buildings not perfect (needs mostly cosmetic updating) but with a little work can be a Cash Cow ! 7 units at $40k per What a deal!

188 Division Street 02895

Taxes appx $9k water sewer $4k  trash $1500. 

Going on MLS soon

Call me 508-528-2505

Chris