198 4th Avenue
198 4th Avenue
$525,000
10
4
6,562
6,562
$80
Pending
Description
Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled...Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Boasting a track record of exceptional performance under its current owner, this building is a cornerstone of stability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience, with minimal maintenance costs & unparalleled peace of mind. Featuring a sought-after configuration of two 3-bedroom units, and two 2-bedroom units, alongside an impressive nearly 7% cap rate, this property promises sustained occupancy and robust positive cash flow. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment. While offering immediate returns, there also exists untapped potential for further enhancement, presenting savvy investors or owner occupants with opportunities to maximize value. Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term. Check out the 360 tour and be sure to attend one of the three open houses this weekend!
- Listed by Stacy Corrigan • Peace of Mind Prop. Mgmt & R.EP: 401-829-8323 stacycorrigan@gmail.com
Property Details for 198 4th Avenue
Subdivision Name
Fairmount
Location
LISTING UPDATED: 05/27/2024 01:01 AM
Property Details for 198 4th Avenue
Status | Pending |
---|---|
MLS # | 1358860 |
Days on Market | 6 |
Taxes | $8,760 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi Family |
Year Built | 1920 |
Lot Size | 0.13 AC / 5,663 SF |
County | Providence County |
Location
Building Information for 198 4th Avenue
Stories3Residences4Year Built1920Building Size-Lot Size0.13 AC / 5,663 SF
Payment Calculator
$3,595 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 198 4th Avenue
Property History for 198 4th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 198 4th Avenue
Taxable ValueLand$90,200Additions$247,500Total$337,700
Tax Record2023$4,721 ($393 / month)
Home Facts
Baths4Total Finished SqFt4,149 SqFtAbove Grade Finished SqFt4,149 SqFtUnfinished Basement SqFt1,471 SqFtStories3Lot Size5,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningR4CountyPROVIDENCEAPNWOON M:6F L:145 U:5
Schools near 198 4th Avenue
This home is within Woonsocket School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Kevin K. Coleman School PublicK to 5 | ||
Woonsocket Middle School Public6 to 8 | ||
Woonsocket High School Public9 to 12 | ||
Harris School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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