61 Elm Street Woonsocket, RI $ 799,000
61 Elm Street
$ 799,000
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61 Elm Street

Woonsocket, RI, 02895
$ 799,000
Baths0.0

Monthly Estimate*

$ 5,310

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Studio

Commercial Property for sale in Woonsocket, RI

for $799,000. This building was built in 1900 on a lot size of 0.189991.

DO NOT MISS THIS - Turn key, high cap rate, full performing, and well maintained 7 unit property is new to market. The property consists of two buildings on a corner lot. The Elm St building features four 2 bed 1 bath units and a 4 bed 1 bath unit with over 2100 square feet of combined living space. The Brook St building is a 2 unit building consisting of 2 beds 1 bath on the first floor and a 4 beds 1 bath on the second and third floor with a bonus room on the fourth floor. The Elm St building has a new roof and several new mechanical elements. The Brook St building shows like a new construction on the interior and has had long term stable tenants. Ample off street parking and designated dumpster location. This property produces excellent rental income and is close to all major highways and downtown Providence! New investors, seasoned investors or partners, this one makes a ton of sense for your portfolio.Tenants are responsible for their own utilities.

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Commercial Pending

Price

$ 799,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,734

Style

Commercial

Lot Size

0.189991

Year Built

1900

Town/City

Woonsocket

County/Region

Providence

MLS | Web ID

1346926

Features
General
Sewer Connected PublicSewer
Utilities SewerConnected
Possession Negotiable
Year Built 1900
Electric Item100AmpService
Tenant Pays Electricity Gas Heat HotWater
Property SubType Commercial
Tax Year 2023
County Providence
Net Operating Income 93300.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Pending
City Woonsocket
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 0
Lot Size Units SquareFeet
Lot Size Square Feet 8276.0
Waterfront Y/N N
Carport Y/N N
Street Name Elm
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3734.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/61-Elm-ST-Woonsocket-RI-02895--1346926
Days on Market 145
Structure Type MultiFamily
Standard Status Pending
Tax Assessed Value 267100
Tax Lot 23
Cap Rate 8.93
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Exterior
Total Parking 6.0
Lot Size Area 8276.0
Number of Buildings 2
Spa N
Building Area Total 0.0
Street Suffix Street
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 0.0
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 61
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* Excluded Features
List By
Century 21 The Seyboth Team

Broker

kyle@seybothteam.com

Email

Affordability Calculator

$5,622
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,310
Monthly Property Taxes
$311
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/1/2023$799,000 Listed Price

Map


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61 Elm Street, Woonsocket, RI, 02895 is a Commercial Property for sale at $799,000 with a lot size of 0.189991. 61 Elm Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 02895 which is in Woonsocket, RI