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    69 North Main Street

    Woonsocket, RI 02895
    • $399,000
    • STATUS: Pending
    • ON SITE: 50 days
    • MLS #: 1272922
    Pending
    UPDATED: 72 min ago
    $399,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,550
      SQFT
    • $156
      $/SQFT
    Type:
    Commercial
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    Description

    Fantastic rare true value-add opportunity in an ideal location next to downtown, the stadium theatre, breweries and loads of other downtown amenities. Total of 9 units (6 residential, 3 commercial) spread across 4 buildings on one lot. Property gross rents after renovations estimated at $100,800 per year (see attached profit and loss). 69 N Main has one storefront (vacant) most recently leased as cell phone retailer, cleaned and ready for renovation. 69 also has 2 residential units currently occupied. 53 N Main is 4 total units (1 commercial and 3 residential). The 1st floor commercial space is a former restaurant/bar currently rented for kitchen use only (no inside dining). 2 of the 3 residential units in this building are currently occupied. Vacant unit in this building is a townhouse style 2 bed with the 2 beds on third floor, living space on 2nd floor. This unit is mostly prepped (gutted), ready for rehab. Finally a standalone cottage residential unit in rear of lot is a 3 bed, 1 bath which will be cleaned out prior to sale and ready for you to rehab. This property boasts off-street parking for at least 5 cars plus free parking access at the adjacent municipal lot which abutts this property. Landlord pays heat and electric for all units except the barber shop. Newer roofs on all 4 buildings. This is a 6-figure estimated rehab so serious buyers only. Seller financing is NOT available. Money from HUD rehab grant programs (attached to listing) may help.

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    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-03-03T21:37:44.083.
    www.nicholastaylorre.com/homes/113188866
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    69 North Main Street Woonsocket, RI 02895

    • Price: $399,000
    • Status: Pending
    • Updated: 72 min ago
    • MLS #: 1272922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,550
    SQFT
    $156
    $/SQFT
    1945
    Built
    County:
    Providence
    Area:
    Woonsocket
    Property Description
    Fantastic rare true value-add opportunity in an ideal location next to downtown, the stadium theatre, breweries and loads of other downtown amenities. Total of 9 units (6 residential, 3 commercial) spread across 4 buildings on one lot. Property gross rents after renovations estimated at $100,800 per year (see attached profit and loss). 69 N Main has one storefront (vacant) most recently leased as cell phone retailer, cleaned and ready for renovation. 69 also has 2 residential units currently occupied. 53 N Main is 4 total units (1 commercial and 3 residential). The 1st floor commercial space is a former restaurant/bar currently rented for kitchen use only (no inside dining). 2 of the 3 residential units in this building are currently occupied. Vacant unit in this building is a townhouse style 2 bed with the 2 beds on third floor, living space on 2nd floor. This unit is mostly prepped (gutted), ready for rehab. Finally a standalone cottage residential unit in rear of lot is a 3 bed, 1 bath which will be cleaned out prior to sale and ready for you to rehab. This property boasts off-street parking for at least 5 cars plus free parking access at the adjacent municipal lot which abutts this property. Landlord pays heat and electric for all units except the barber shop. Newer roofs on all 4 buildings. This is a 6-figure estimated rehab so serious buyers only. Seller financing is NOT available. Money from HUD rehab grant programs (attached to listing) may help.
    Exterior Features

    Construction Materials Other Foundation Details Combination Levels Three Or More Parking Total 5

    Interior Features

    Basement Full Basement YN Yes Cooling None Heating BaseboardGasOther

    Property Features

    Business Type Mixed Community Features GolfHighway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S) Electric Circuit Breakers Gross Income 57900 Land Lease YN No Laundry Features Common AreaIn Unit Operating Expense 0 Possible Use CommercialResidential Property Condition Under Construction Property Sub Type Mixed Use Road Surface Type Asphalt Security Features Fire Alarm Sewer Connected Tax Annual Amount 9500 Tax Assessed Value 299300 Tax Lot 005 Tax Year 2020 Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer Connected Water Source Connected

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams Realty Nri.





    © 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Nicholas Taylor Real Estate Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicholas Taylor Real Estate Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-03-03T21:37:44.083.
     
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    Nicholas Taylor Real Estate Group
    908 Reservoir Avenue
    Cranston RI, 02910