1. Rhode Island
2. Woonsocket
3. 341 Burnside Avenue

341 Burnside Avenue, Woonsocket, RI 02895

• 18 beds |
• 6 baths |
• 7,740 sqft

Property Description

This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft.] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.

Listing Status:

Pending

Date Added:

March 7, 2025 at 06:00AM

Listing Office:

Smith and Oak Real Estate Co. : 401-464-2617

MLS ID:

1379537

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This listing courtesy of Smith and Oak Real Estate Co.