51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895
51 Wood Avenue Woonsocket RI 02895

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Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.

Property Details of 51 Wood Avenue

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Listed by Donald Martone, BOND BROKERAGE

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