56 Summit Street, Woonsocket, Residential Income

Four units. Two buildings. One property. Plenty of room to create value. A versatile mix of one 3-bedroom residence and three 2-bedroom residences. The front building has identical 2br units with some recent updates. The second fl unit is occupied with a longer-term tenant paying a good rent. The first floor unit just vacated end of Sept offering an opportunity for Buyer occupying, new updates or an immediate re-let at market rent. The rear building is vacant and may need some rehab depending on buyer’s intentions for the property. Vinyl windows, some newer on demand hot water units, duct work recently added for a future forced air AC system in the front house, connected water and sewer, individual 100-amp electrical service noted for each unit, basement storage, newer washer dryer, multiple deck areas, and an attached one-car garage add to the package. For an owner occupied investor strategy, earning some income on the front building while renovating the rear, or any other sort of investment plan, looking beyond turnkey inventory and toward the potential of strategic improvements, 56 Summit offers four doors and multiple paths forward.