NOT LISTED FOR SALE

14 Fairmount St Woonsocket, RI 02895

Downtown Woonsocket Neighborhood
12 Beds
6 Baths
3,978 Sq Ft
4,792 Sq Ft Lot

Last Sold August 27, 2021

Last sale price $620,000 $156 Per Sq Ft

89 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • Deck
  • Corner Lot
  • Bathtub with Shower

About This Home

As of August 2021

"WOONSOCKET'S CROWN JEWEL: CONDITION MEETS CASH FLOW"-LEGAL SIX UNIT. COMPLETE RENOVATION OF ALL SIX UNITS. EXCEPTIONAL TILE AND FINISH WORK. 100% OCCUPANCY. PROFESSIONALLY MANAGED. 5 YEAR YOUNG ROOF. 7 CAR OFF STREET PARKING WITH DETACHED 2 CAR GARAGE. 6 GAS FORCED AIR HEATING SYSTEMS. NEW GAS APPLIANCES. 6 NEWER 40 GAL WATER TANKS. 200 AMP ELECTRICAL SERVICE. COPY OF LEASES? YES! LEAD CERTIFICATE? YES! IS THIS 6 UNIT FIRE ALARM SYSTEM TO CODE? YES! SECURITY DEPOSITS? YES! GREAT INCOME? YES! P+L AVAILABLE UPON REQUEST? YES! 2 MINS TO MARKET SQUARE, MAIN STREET, STADIUM THEATRE AND THE MASSACHUSETTS STATE LINE. MONTH TO MONTH RENTS ARE BELOW MARKET, CAN BE HIGHER!

Last Agent to Sell the Property

Don Martone

BOND BROKERAGE Listed on: 03/20/2021

Last Buyer's Agent

Jose Duce Rocher

Century 21 Limitless

Century 21 Limitless

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,304

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Sloped Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,978 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 6 Heating Zones
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,995
  • Tax Lot 017
  • Assessor Parcel Number 565844

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $360
  • Insurance Expense $1,545
  • Water Sewer Expense $4,200
  • Operating Expense $22,183
  • Net Operating Income $52,757

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,304

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1930
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Tile Floor
  • Interior Amenities: Bathroom With Tub & Shower, Other (See Remarks)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Other, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Washer Hookup, Dryer Hookup, Washer & Dryer Hookup
  • Basement: Full, Walk-Out Access, Unfinished
  • Living Area: 3978
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN4339
  • MAIN SO: AN6126

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Asphalt/Composition Shingles
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers, 200+ Amp Service
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, Other, Sidewalks
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4200

Lot Info

  • Parcel Number: 565844
  • Zoning: MU1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Sloped
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Lot Size Units: Acres
  • LOT SIZE: 4792

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6304
  • Tax Lot: 017

Multi Family

  • Electric Expense: 360
  • Insurance Expense: 1545
  • Net Operating Income: 52757
  • Number Of Units Total: 6
  • Operating Expense: 22183
  • Total Actual Rent: 5995
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $620,000 -1.4% $156 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
04/30/2021 04/30/21 Price Changed $629,000 -1.5% $158 / Sq Ft
03/20/2021 03/20/21 For Sale $638,900 +127.4% $161 / Sq Ft
07/02/2019 07/02/19 Sold $281,000 -3.1% $71 / Sq Ft View Prior Sale
06/02/2019 06/02/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $289,900 -- $73 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Don Martone

    BOND BROKERAGE

    Section Image

  • J

    Buyer's Agent in 2021

    Jose Duce Rocher

    Century 21 Limitless

    (617) 749-7178

    1 in this area

    150 Total Sales

    Jose Duce Rocher
    Section Image

  • R

    Seller's Agent in 2019

    Ryan Schreffler

    Bolt Real Estate

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72801470

MLS Property Information Network (MLS PIN)
Rhode Island Providence County Woonsocket 02895 Downtown Woonsocket

14 Fairmount St, Woonsocket, RI

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