341 Burnside Avenue Woonsocket, RI 02895
Multi-Family (2-4 Units)
MLS #: 1379537
Courtesy Of Smith And Oak Real Estate Co.
Property InformationDescription
This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft.] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with $300K worth of inventory, and a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month if not owner-operated. PROFORMA CAP RATE only using potential rental income + accounting for selling $300K worth of inventory: 9.25%-11.74%. Showings by appointment only. 72 Hour notice minimum required.
Features
- Age: Over 50 Years Old
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
- Architecture Style: Other
- Exterior Type: Aluminum Siding, Vinyl Siding
- Floor Covering: Carpet, Hardwood, Laminate
- Heating System: Baseboard, Space Heater
- Lot Size: 0.26 Acres
MAP & DIRECTIONS
School Information
341 Burnside Avenue, Woonsocket, RI 02895
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Pothier-citizens Elementary Campus | 0.3 mi | Public | D+ | |
| Rise Preparatory Mayoral Academy Ele | 0.3 mi | Public | KG-4 | C+ |
| Rise Preparatory Mayoral Academy Middle School | 0.3 mi | Public | 5 | |
| Woonsocket Middle @ Villa Nova | 0.5 mi | Public | 6-8 | D |
| Woonsocket Middle At Hamlet | 0.6 mi | Public | 6-8 | D |
| Founders Academy | 0.8 mi | Public | 6-8 | C- |
| Woonsocket High School | 0.9 mi | Public | 9-12 | D- |
| Beacon Charter School | 0.9 mi | Public | 9-12 | C |
| Harris School | 0.9 mi | Public | KG-5 | D |
| Woonsocket Career An Tech Center | 0.9 mi | Public | 9-12 | |
| Action Based Enterprises School | 1.0 mi | Private | 1-8 | |
| Hillside Alternative Program | 1.0 mi | Private | 1-12 | |
| Good Shepherd Catholic School | 1.2 mi | Private | PK-8 | |
| Grade Woonsocket Catholic Regional | 1.2 mi | Private | PK-8 | |
| Leo A. Savoie School | 1.2 mi | Public | KG-5 | C+ |
| Mount St Charles Academy | 1.2 mi | Private | 6-12 | |
| Bernon Heights School | 1.4 mi | Public | KG-5 | C |
| Keough Memorial Academy | 1.5 mi | Public | 8-12 | D- |
| Joseph F. Dipietro Elementary School | 1.6 mi | Public | KG-3 | |
| Kevin K. Coleman School | 1.7 mi | Public | KG-5 | 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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