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$685,000
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Property Description
Welcome to 126 3rd Avenue, a must see investment opportunity in Woonsocket RI. The property offers a well-balanced mix of units, including a spacious Three-Bedroom Unit, 1 Two-Bedroom Unit, and 4 One-Bedroom Units. Gas and electric are separately metered and paid for individually by the tenants. Coin operated laundry machines are also available. Rental income potential exceeds $8,000 per month. Tons of recent Upgrades have been done in the past year including, a complete commercial fire alarm system, Roof, Decks, Hallways, Appliances, Flooring, Paint, Trim, and more. This property is poised for a smooth transition for new owners seeking a turnkey investment in a great location in close proximity to the train station, schools, shops, and other amenities. The 5-family building adjacent to this building is also on the market and is available for sale. This is a unique opportunity to acquire both a 6 family building and an adjacent 5 family building, allowing ownership for a total of 11 units side by side with plenty of off street parking. This property presents a compelling investment opportunity with its size, unit mix, recent upgrades, and potential rental income.
Full Property Details
Full Property Details for 126 3rd Ave
General
- Sold For: $685,000
- Taxes: $9,441 (2023)
- Status: Closed
- Type: Commercial Multi-Family
- Source: STWMLS
- MLS ID: 1351609
- Added to Site: 751 day(s) ago
Business
- Business Type: Real Estate
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Security/Safety: Fire Alarm, Smoke Detector(s), Security Lights
Parking
- Total Spaces: 6
Location
- County: Providence
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Space Heater
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available
Structural Information
- # Buildings: 1
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 3
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 5,227
- Lot Size: 5227
- Frontage: City Street
- Potential Use: Multi-Family
Financial Considerations
- Tax Amount: $9,441.08
- Tax Year: 2023
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas, Heat, Hot Water
Disclosures and Reports
- Property ID: 1263RDAVWOON
- Lot Number: 212
Listed by RE/MAX Impact
Sold by HomeSmart Professionals
Get Pre-Approved Today
Schools
Schools serving 126 3rd Ave
School District:Woonsocket School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 126 3rd Ave
Date
Details
Price
Change
Source
8/13/2024
Sold
$685,000
—
MLS
1/31/2024
Listed
$685,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
126 3rd Avenue, Woonsocket, RI 02895 (MLS# 1351609) is a Commercial Multi-Family property that was sold at $685,000 on August 13, 2024. Want to learn more about 126 3rd Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Woonsocket? You can browse all Woonsocket real estate or contact a Coldwell Banker agent to request more information.

