257 Manville RdWoonsocket, RI 02895

Property Details for 257 Manville Rd

Lot size

0.18 AC

Zone code

R4

Property type

Investment properties

Property subtype

Live-work space

APN

WOON M:28C L:196 U:10

APU

WOONM28CL196U10

Description

This exceptional mixed-use property at 257 Manville Road, Woonsocket, Rhode Island, presents a compelling investment opportunity. The 7,638 square foot building sits on a 0.18-acre lot and is priced at $925,000. The property boasts six residential units, each featuring three bedrooms and one full bathroom. These units are spacious, well-lit, and currently occupied on a month-to-month basis with tenants responsible for their own utilities. A new roof was installed just two years ago, ensuring long-term cost savings and peace of mind. In addition to the residential units, a vacant commercial space offers significant potential. This versatile area is ideal for a variety of uses, including a cafГ©, restaurant, or retail establishment. Its location in a high-traffic area promises strong visibility and potential for high occupancy. The property also includes paved off-street parking, providing convenient access for both residents and commercial patrons. This unique blend of residential income and commercial potential makes this property an attractive investment for those seeking a stable, high-return asset in a thriving community. The property's strong rental income stream, combined with the potential for significant commercial revenue, makes this a rare opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,296,352

  6.5%

  $1,196,632

  7%

  $1,111,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,024,505

  Geo Method

  $1,024,505

• Alternative Use

  Use

  Valuation

  Residential

  $1,483,824

  Hospitality

  $1,359,175

  Educational

  $1,130,817

  Medical

  $1,169,708

  Retail

  $1,759,049

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

41.9998

Longitude

-71.4996

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].