5,659 Sq. Ft.
$102 / Sq. Ft.
5,659
Sq. Ft.
$102
per Sq. Ft.

Description

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...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.
  1. Listed by Talib Hussain • Brokerage DRE #REB.0014716 • Keller Williams Realty • talib@threaltygroup.com

Amenities

  • Attached Garage
  • Basement
  • Driveway
  • Full Basement
  • Garage
  • Gas Heat
  • Hardwood Floors
  • Hot Water Heating
LISTING CLOSED: 03/08/2024 12:00 AM

Property Details for 45 Read Avenue

StatusClosed
MLS #1349627
Days on Market21
Taxes$5,076 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 4 Family - 4 Units Up/Down
Year Built1920
Lot Size0.13 AC / 5,663 SF
CountyProvidence County

Location

Listing Courtesy of Keller Williams Realty

Sold By Divine Real Estate

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Building Information for 45 Read Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$3,371 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,948

Property Taxes

$423

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 45 Read Avenue

Summary
Location and General Information
  • City: Woonsocket
  • Country: US
  • Directions: Use GPS
  • Postal City: Woonsocket
  • Postal Code: 02895
  • Postal Code Plus4: 3415
  • Road Frontage Type: Public
  • State Or Province: RI
  • Zoning: R4
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: Yes
  • Covered Spaces: 3
  • Garage Spaces: 3
  • Garage Y N: Yes
  • Open Parking Y N: Yes
  • Parking Features: Attached, Garage
  • Parking Total: 7
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $5,076.00
  • Tax Assessed Value: 363100
  • Tax Book Number: 2192
  • Tax Lot: 016
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 5659.0
  • Building Area Total: 5659.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area Source: Other
  • Lot Size Acres: 0.13
  • Lot Size Area: 5663.0
  • Lot Size Square Feet: 5663.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 45READAVWOON
  • Stories Total: 0
Property and Assessments
  • Buyer Financing: FHA, VA
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: Yes
  • Year Built: 1920
  • Year Built Details: Actual
  • Year Built Source: Public Records
  • C L I P: 2,327,141,740
Utilities
  • Electric: Item100Amp Service
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Stone
  • Roof: Shingle
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 10
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Other, Vinyl
  • Heating: Gas, Radiant, Space Heater
  • Heating Y N: Yes
  • Interior Features: Bathtub, Tub Shower
  • Patio And Porch Features: Porch
  • Rooms Total: 18
  • Spa Y N: No
Multi Family
Income & Expenses Information
  • Gross Income: $74,400.00
  • Gross Scheduled Income: $.00
  • Net Operating Income: $74,400.00
  • Operating Expense: $.00
  • Water Sewer Expense: $0
Unit 1 Information
  • Actual Rent: $1,400.00
  • Description: Market Rent Projections
  • Type: Item2Bedroom
  • Unit Type Area: 750.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,400.00
  • Description: Market Rent Projections
  • Type: Item2Bedroom
  • Unit Type Area: 750.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,600.00
  • Description: Market Rent Projections
  • Type: Item3Bedroom
  • Unit Type Area: 1300.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,800.00
  • Description: Market Rent Projections
  • Type: Item3Bedroom
  • Occupant Type: Vacant
  • Unit Type Area: 1280.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Total Actual Rent: $6,200.00

Property History for 45 Read Avenue

DateEvent & SourcePriceAppreciation
Mar 8, 2024

Sold

Rhode Island Association of REALTORS® #1349627

$580,000
Mar 8, 2024

Sold

MLS PIN #73187158

$580,000
Mar 1, 2024

Sold (Public Record)

Public Record #1528466920

$580,000

+3.9% / yr

DateEvent & SourcePrice
03/08/2024

Sold

Rhode Island Association of REALTORS® #1349627

$580,000
03/08/2024

Sold

MLS PIN #73187158

$580,000
03/01/2024

Sold (Public Record)

Public Record #1528466920

$580,000

+3.9% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 45 Read Avenue

Taxable ValueLand$90,200Additions$420,100Total$510,300
Tax Record2025$5,731 ($478 / month)
Home Facts
Baths4Total Finished SqFt4,126 SqFtAbove Grade Finished SqFt4,126 SqFtUnfinished Basement SqFt1,511 SqFtStories3Lot Size5,663 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1920ZoningR4CountyPROVIDENCEAPNWOON M:37F L:145 U:16

Schools near 45 Read Avenue

This home is within Woonsocket School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pothier-Citizens Elementary Campus
PublicPK to 5

Woonsocket Middle at Hamlet
Public6 to 8

Woonsocket High School
Public9 to 12

Woonsocket Middle @ Villa Nova
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.