Unit Information
$133080 in annual scheduled rental income. 212–214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212–214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)
- Additional Details
- Status: New
- Type: Multi-Family, Multi Family
- Zip Code: 02895
- Levels: 5
- Parking
- Garage Capacity: 6
- Parking: Paved,Off Street
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 5
- Total Rooms: 22
- Has Basement: Yes
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$995,000
- Status: New
- Listing ID: 73584115
- Bedrooms: 14
- Full Baths: 6
- Living Area: 5,892 sqft Convert
- Lot Size: 6,970 sqft Convert
- Acres: 0.16
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |