Listed by Keller Williams Realty Leading
$699,900
226 South Main St
Details
APN WOON M:10M L:33 U:29
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,860
Units 7
Cap Rate 8.86%
NOI $62,035
Occupancy 72%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 10.13%
Pro-Forma NOI $70,897
Price per SqFt $181
Class C
Year Built 1900
Lot Size (SqFt) 4,792
Parking Spaces spaces
Investment Type Value Add
Value Add 7 Unit
Investment highlights
7-unit multifamily in Woonsocket, RI offering strong in-place income with value-add upside. Conveniently located near shopping, dining, local employers, and major commuter routes—supporting consistent rental demand. Excellent opportunity for investors seeking a stabilized asset today with potential for future rent growth and operational improvements. PROPERTY CONVEYS WITH LEAD CERTIFICATES
Listing Contacts
Listed by Keller Williams Realty Leading
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,035.00
$5,169.58/mo
Valuation Metrics
0
DSCR
8.86%
Cap Rate
8.86%
ROI
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