420 Rathbun St, Woonsocket, RI 02895

Property Description

Rare opportunity to acquire FOUR income-producing condominium units within a professionally managed 6-UNIT ASSOCIATION BUILDING. This package includes a total of 8 bedrooms, 4 bathrooms, and approximately 3,145 square feet across four separately deeded units. Currently generating $5,900 per month in rental income, the portfolio offers a diverse unit mix consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The property provides immediate cash flow with long-term appreciation and rental growth potential. Monthly HOA fees are $180 per unit and include water, sewer, snow removal, refuse removal, and extra storage, helping reduce ownership responsibilities and maintenance expenses. A unique investment opportunity for buyers seeking multiple income producing units in one transaction with stable cash flow and strong rental demand in the Woonsocket market.