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28 Welles Street, Woonsocket, RI, USA, 02895

  • Posted: 2/21/2024 4:55:02 AM

$208,000 USD

5 unit building with many newer upgrades, including 5 gas boilers (5 years old), new water main (4 years old), vinyl siding (8 years old), hot water heater (new), replacement windows and fire-coded. Tenants pay their own heat and electric except for 2nd floor rear (Owner pays heat for 2nd fl rear and hot water for whole house.) This property is a cash cow with a Cap Rate of 12.3%. Some rents could be higher, with a projected Cap of 13.7%. 1st floor unit has 4 bedrooms, all other units are 2 bedrooms. This property does need a new roof and is sold as is.