786 Social Street Woonsocket, RI 02895
Listing Courtesy of: RHODE ISLAND / New England Apartment Group / John Slyman

  786 Social Street Woonsocket, RI 02895

Active (9 Days)
$1,250,000
19
BED
8
BATH
7,368
SQFT

Description

786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to increase revenue even further. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. The property includes 7 parking spaces and is fully fire-coded. Financials available upon request.

MLS #:
1378169
Taxes
$13,557(2024)
Lot Size
7,840 SQFT
Type
Multifamily
Year Built
1910
County
Providence County

Listed By

John Slyman, New England Apartment Group
Source
RHODE ISLAND
Last checked Feb 23 2025 at 1:24 PM EST
Bathroom Details
  • Full Bathrooms: 8
Interior Features
  • Gas Water Heater
  • Laundry: In Unit
Property Features
  • Fireplace: 0
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Baseboard
  • Natural Gas
  • Electric
  • None
Basement Information
  • Finished
  • Interior Only
  • Full
Flooring
  • Other
Utility Information
  • Sewer: Public Connected, Public, Public Sewer, Connected
Parking
  • Total: 8
  • No Garage
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: 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. Information is deemed reliable but is not guaranteed. © 2025 State-Wide Multiple Listing Service. All rights reserved. 2/23/25 05:24