Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

786 Social Street

Woonsocket, RI ID #73335306

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786 Social Street

- Woonsocket, RI ID #73335306

Property Description

786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to further increase revenue. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. Financials available.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Zip Code: 02895
  • Taxes: 13,557
  • Levels: 4
  • Acres: 0.18

Parking

  • Parking: Paved Drive, Off Street
  • Parking Spaces: 7

Rooms/Dimensions

  • Total Units: 6
  • Total Floors: 4
  • Total Rooms: 44

Location

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786 Social Street, Woonsocket, RI

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of John Slyman of John Slyman. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.