341 Burnside Avenue Woonsocket, RI 02895
Listing Courtesy of: RHODE ISLAND / Smith And Oak Real Estate Co. / The Wp Group

  341 Burnside Avenue Woonsocket, RI 02895

Pending (77 Days)
$1,249,900
18
BED
6
BATH
7,740
SQFT

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.

MLS #:
1379537
Taxes
$11,140(2023)
Lot Size
0.26 acres
Type
Multifamily
Year Built
1900
County
Providence County
Community
Blackstone, Ma/Ri Line

Listed By

The Wp Group, Smith And Oak Real Estate Co.
Source
RHODE ISLAND
Last checked May 23 2025 at 12:32 PM EDT
Bathroom Details
  • Full Bathrooms: 6
Interior Features
  • Wall (Paneled)
  • Wall (Plaster)
  • Laundry: In Building
  • Gas Water Heater
  • Dishwasher
  • Dryer
  • Oven/Range
  • Refrigerator
  • Washer
Subdivision
  • Blackstone, Ma/Ri Line
Property Features
  • Fireplace: 0
  • Fireplace: None
  • Foundation: Stone
Heating and Cooling
  • Natural Gas
  • Baseboard
  • Gas Connected
  • Space Heater
  • None
Basement Information
  • Full
  • Interior Only
  • Unfinished
Flooring
  • Hardwood
  • Laminate
  • Carpet
Utility Information
  • Sewer: Connected, Public Sewer, Public
Garage
  • Garage
Parking
  • Detached
  • Total: 18
Stories
  • 3
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 25, 2025
Price Changed
$1,249,900
-4%
-50,000
Apr 04, 2025
Price Changed
$1,299,900
-7%
-100,000
Mar 07, 2025
Original Price
$1,399,900
-
-
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. 5/23/25 05:32