419 Fairmount Street, Woonsocket, RI 02895

Property Description

Investment opportunity! Exceptionally well-maintained by the same owner for over 40 years, this solid 2-family property offers immediate income with long-term tenants already in place who would love to stay. Both spacious units feature approximately 999 sq. ft. with 2 bedrooms, clean kitchens each featuring painted tin ceilings for turn of the century fire protection and charm, and a combination of laminate, vinyl, and carpet flooring. Separate gas and electric utilities, plus a house meter for the common basement, make management simple. A common washer and dryer are available for tenant use. Outside, enjoy an extremely low-maintenance vinyl exterior, detached one-car garage, parking for four additional vehicles, and a modest yard. Major capital improvements have already been completed, including a young roof, heating systems approximately 3 months and 10 years old, and hot water tanks just 3 months and 3 years old, providing peace of mind for years to come. The seller will obtain lead certificates prior to closing. With below-market rents offering excellent future upside and nearly 2,000 sq. ft. of living space, this is an outstanding opportunity for both seasoned investors and owner-occupants looking to build long-term wealth.