$581,000
SOLD AUG 16, 2024
9 Beds
4 Baths
2,960 Sq Ft
7,436 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

9% Above List Price

Highlights

  • Medical Services
  • Property is near public transit
  • Park
  • Deck
  • Enclosed patio or porch
  • Shops

About This Home

As of August 2024

An outstanding investment opportunity awaits at 715-717 Park Ave, Woonsocket, RI—a well-maintained 4-unit property featuring (2) two-bedroom apartments, (1) large three-bedroom apartment, and (1) one-bedroom apartment, totaling 2,960 square feet. Situated on a 0.17-acre lot with ample off-street parking. The apartments have baseboard heating, and the basement boasts approximately 22 foot high ceilings, storage units, and coin-operated laundry. Many updates completed in 2013/14, including PVC plumbing, electrical, fire system, windows, heating system, vinyl siding, and roof. Parking redone 3-4 years ago. The property has a reliable Well McLain heating system. Utilities are separate except for heat. The property is well insulated with cellulose and fiberglass insulation throughout. Can be purchased individually or together with 126 Earle St - 5 family (MLS# 1361155), 451-453 Fairmount St - 6 family (MLS #1361145) and/or 155 4th Ave - 2 family (Coming Soon).

Last Agent to Sell the Property

Zach Midwood

Divine Real Estate, Inc. Listed on: 06/10/2024

Last Buyer's Agent

Marcus Duviella

Divine Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1925

Lot Details

  • 7,436 Sq Ft Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 2,960 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $6,350
  • Assessor Parcel Number M:16E L:180 U:12

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Net Operating Income $76,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1925
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 2960
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN5817
  • LIST PRICE PER Sq Ft: 180.71
  • PRICE PER Sq Ft: 196.28
  • MAIN SO: AN5817

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Deck
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 1
  • Hot Water: Electric, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:16E L:180 U:12
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7436
  • Lot Size Units: Acres
  • PAGE: 272
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4577
  • Tax Book Number: 2063

Multi Family

  • Gross Income: 76200
  • Net Operating Income: 76200
  • Number Of Units Total: 4
  • Total Actual Rent: 6350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 2

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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 Change Sq Ft Price
08/16/2024 08/16/24 Sold $581,000 +8.6% $196 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $534,900 +1204.6% $181 / Sq Ft
01/09/2015 01/09/15 Sold $41,000 -45.3% $14 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $74,900 -- $25 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73250191

MLS Property Information Network (MLS PIN)