786 Social Street Woonsocket, RI 02895
Multi-Family (2-4 Units)
MLS #: 1378169
Courtesy Of New England Apartment Group
Property InformationDescription
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 increase revenue even further. 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. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Baseboard
- Lot Size: 0.18 Acres
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MAP & DIRECTIONS
School Information
786 Social Street, Woonsocket, RI 02895
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Rise Preparatory Mayoral Academy Middle School | 0.2 mi | Public | 5 | |
| Rise Preparatory Mayoral Academy Ele | 0.2 mi | Public | KG-4 | C+ |
| Pothier-citizens Elementary Campus | 0.4 mi | Public | D+ | |
| Woonsocket Middle @ Villa Nova | 0.4 mi | Public | 6-8 | D |
| Woonsocket Middle At Hamlet | 0.6 mi | Public | 6-8 | D |
| Founders Academy | 0.7 mi | Public | 6-8 | C- |
| Beacon Charter School | 0.7 mi | Public | 9-12 | C |
| Harris School | 0.7 mi | Public | KG-5 | D |
| Hillside Alternative Program | 0.9 mi | Private | 1-12 | |
| Action Based Enterprises School | 0.9 mi | Private | 1-8 | |
| Woonsocket High School | 1.0 mi | Public | 9-12 | D- |
| Woonsocket Career An Tech Center | 1.0 mi | Public | 9-12 | |
| Mount St Charles Academy | 1.2 mi | Private | 6-12 | |
| Grade Woonsocket Catholic Regional | 1.3 mi | Private | PK-8 | |
| Good Shepherd Catholic School | 1.3 mi | Private | PK-8 | |
| Bernon Heights School | 1.3 mi | Public | KG-5 | C |
| Leo A. Savoie School | 1.3 mi | Public | KG-5 | C+ |
| Kevin K. Coleman School | 1.5 mi | Public | KG-5 | D+ |
| Keough Memorial Academy | 1.6 mi | Public | 8-12 | D- |
| Frederick W. Hartnett Middle School | 1.6 mi | Public | 6-8 | D+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Woonsocket, RI 02895
| Median Age: | 38 |
|---|---|
| Married: | 33% |
| Number of Households: | 18,184 |
| Households with Children: | 30.3% |
Woonsocket, RI 02895
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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