CCertihomes
47 Wood, Woonsocket, RI 02895

$900,000

0 beds 0 baths Built 1920Active

About this home

WOW - CALLING ALL INVESTORS ON THIS ONE! Two houses on one lot. This turn key fully performing 8 unit property comprises a seven unit and a single family residence. This is the perfect income generating property that you do not want to miss! The main building features six 2 beds 1 bath units and one 1 bed 1 bath unit, with an average of 800 sqft per unit, while the rear building is a single family home featuring 3 beds and 1 bath with 978 square feet. On the outside, the property has been well maintained, in addition to the updated roof and driveways that offers ample room for all the tenants. Many new mechanicals throughout and updates done throughout the property. Investors looking for good long term equity and cash-flow, this is perfect for you.Tenants are responsible for their own utilities

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$9,056/mo

Real estate (PITI + HOA + PMI)
$6,432
Principal + interest$4,082
Property tax + insurance$2,012
PMI / 2nd mortgage$338
Utilities
$5,452
Heating + cooling$2,573
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$140
$9,056/mo TLC
Budget$9,556/mo
Remaining after TLC$500/mo
Purchase price
$900,000
Down payment
$45,000 (5%)
Loan amount
$855,000
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1920
Lot size
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$8,280
MLS #
1359799
County
Providence

Home features

Sewer
Connected, Public Sewer

Lot features

Urban

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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RI & State Wide MLS

Listing information last refreshed 5/22/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.