Charming 4-unit property presents an exceptional opportunity for savvy investors or those in pursuit of a multifamily residence in a sought-after neighborhood. Meticulously maintained, this 4-unit gem promises a lucrative cash flow potential. The first-floor unit stands out with recent upgrades, a new kitchen with stainless steel appliances, new bathroom, new flooring, and paint. The first-floor unit is vacant. The home features two large units, each encompassing a generous living area, three comfortable bedrooms, and a full bath. The remaining two units offer decent-sized space, featuring two bedrooms and a full bath each. The property includes a full basement for additional storage, ample parking space for up to four cars. Newer roof about three years old. A sizable three-car garage is included, presenting an opportunity for additional income generation. The tenant responsibility for all utilities. Rents are market projected rents.
Sold for $580,000 on 03/08/24
$580,000
45 Read Ave, Woonsocket, RI 02895
10beds
4,080sqft
Multi Family
Built in 1920
-- sqft lot
$686,600 Zestimate®
$142/sqft
$2,034 Estimated rent
Home value
$686,600
$645,000 - $735,000
$2,034/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 11, 2024 at 06:10am
Listed by:
Talib Hussain 774-266-1068,
Keller Williams Realty
Bought with:
Marcus Duviella, RES.0046545
Divine Real Estate
Source: StateWide MLS RI,MLS#: 1349627
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Natural Gas, Radiant, Space Heater
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Wall (Dry Wall), Plumbing (Mixed)
- Flooring: Hardwood, Other, Vinyl
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 5,659
- Total interior livable area: 4,080 sqft
Property
Parking
- Total spaces: 7
- Parking features: Attached, Driveway
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 5,662 sqft
Details
- Zoning: R4
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall
- Foundation: Stone
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Municipal
Community & neighborhood
Senior living
- Senior community: Yes
Location
- Region: Woonsocket
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 6200
Price history
| Date | Event | Price |
|---|---|---|
| 3/8/2024 | Sold | $580,000-3.2%$142/sqft |
Source:  StateWide MLS RI #1349627 | ||
| 1/3/2024 | Pending sale | $599,000$147/sqft |
Source: StateWide MLS RI #1349627 | ||
| 12/13/2023 | Listed for sale | $599,000+466.2%$147/sqft |
Source: MLS PIN #73187158 | ||
| 1/26/2016 | Sold | $105,801-9.6%$26/sqft |
Source: Agent Provided | ||
| 11/6/2015 | Price change | $117,000-10%$29/sqft |
Source: Equinox Properties #1107959 | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Woonsocket
Nearby schools
GreatSchools rating
- 2/10Woonsocket Middle at HamletGrades: 6-8Distance: 0.3 mi
- 3/10Woonsocket High SchoolGrades: 9-12Distance: 0.6 mi
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$686,600
2% more+ $13,732
With Zillow Showcase(estimated)
$700,332