CCertihomes
198 Fourth Ave, Woonsocket, RI 02895

$525,000

10 beds 4 baths 4,149 sqft Built 19204 days on marketActive

About this home

Presenting an exceptional opportunity for astute investors, this dependable four-unit property stands as a testament to reliability and profitability. Key to its success are the on time, paying tenants who occupy its units, alongside a prestigious anchor tenant on the coveted first floor. This ensures a hassle-free ownership experience.Featuring a sought-after configuration of two 3-BR units, and two 2-BR units, alongside an impressive nearly 7% cap rate. Recent upgrades, including the replacement of all four hot water heaters, updated fire alarm panel, removal of visible knob and tube wiring, repainting of the main hallway and porches, underscore this property as a solid investment.Additionally, the presence of five rear parking spaces complemented by ample street parking ensures convenience and tenant retention for the long term.Check out the 360 tour and be sure to attend on of the three open houses this weekend!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$6,046/mo

Real estate (PITI + HOA + PMI)
$4,952
Principal + interest$3,382
Property tax + insurance$1,373
PMI / 2nd mortgage$197
Utilities
$2,110
Heating + cooling$902
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$6,046/mo TLC
Budget$6,546/mo
Remaining after TLC$500/mo
Purchase price
$525,000
Down payment
$26,250 (5%)
Loan amount
$498,750
APR
7.19%

Quick facts

Type
4 Family - 4 Units Up/Down
Style
Year built
1920
Lot size
0.13 ac
Stories
9
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Water
Public
HOA
Annual tax
$8,760
MLS #
73238565
County
Providence

At a glance

Basement
Balcony

Home features

Appliances
RangeRefrigerator
Interior
Ceiling Fan(s)Bathroom With Tub & ShowerInternet Available - UnknownLiving RoomDining RoomKitchen
Exterior
Balcony/Deck
Community
Public TransportationShoppingPoolTennis Court(s)ParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse of WorshipPrivate SchoolPublic SchoolUniversity
Parking
Paved DriveShared Driveway
Flooring
Tile, Vinyl, Varies, Laminate, Hardwood
Roof
Rubber
Sewer
Public Sewer

Lot features

Gentle Sloping

Neighborhood — 02895

MetricThis ZIPCountyUSA
Population45,4401,095,423299,088,112
Population Change Since19902.00%9.00%20.00%
Population Density5,676994
Male21,736529,266147,432,321
Female23,704566,157151,655,844
Never Married11,009266,40463,775,926
Married15,768435,678123,120,365
Separated2,03843,64212,639,686
Widowed3,27866,66815,467,586
Divorced4,06583,84323,075,029
Number Of House Hold18,553410,399111,826,380
Average House Hold Size2.372.562.60
Medial Age35.3537.2735.46
Median House Hold Income$34,474$47,553$48,276
Average House Hold Income$42,753$61,609$63,629
P C I$18,397$23,965$24,529
M D I$30,455$40,634$41,133
A T H E$39,466$49,940$50,898
S T R7.00%7.00%
W C J83.03%78.02%77.74%
(Zip) Code
2895

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/15/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.