For Sale
$1,800,000

450 Summer StWoonsocket, RI 02895

19,602 SF Land, 10 Units, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity in Woonsocket, Rhode Island, presents a rare chance to acquire a mixed-use property encompassing 19,602 square feet of land. The property features two buildings constructed in 1900, with a total of three stories. One building is an eight-unit apartment house situated in a desirable neighborhood. Each unit is meticulously maintained and in good condition, offering comfortable living spaces for tenants. The property also includes a convenient on-site coin-operated laundry facility and ample parking. The second building is a duplex, comprising two spacious three-bedroom apartments, ideal for larger families. Currently, rents are lower than market value due to long-term tenants, providing immediate income and potential for future growth as leases renew. This property offers a blend of residential and commercial potential, making it an attractive investment for both seasoned investors and first-time buyers. The asking price for this unique property is $1,800,000. The property's location in Woonsocket, Providence County, Rhode Island (zip code 02895) offers convenient access to local amenities and services. This is a truly unique opportunity to own a well-maintained, income-producing property in a prime location.

Highlights

  • Exceptional mixed-use investment opportunity in Woonsocket, RI.
  • 19,602 SF lot with two 3-story buildings (built 1900).
  • Eight-unit apartment building with on-site laundry and ample parking.
  • Separate duplex with two 3-bedroom units.
  • Below-market rents offer immediate income and upside potential.
  • Asking price: $1,800,000.

Property Details for 450 Summer St

Property type
Land
Year Built
1900
Buildings
2
Stories
3

Location Insight

City
Woonsocket
County
Providence
State
Rhode Island
Latitude
42.01461
Longitude
-71.519555
450 Summer St, Woonsocket, Rhode Island

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450 Summer St
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