414 420 Rathbun St

About this home

Exceptional opportunity to acquire SIX income-producing condominium units across TWO professionally managed buildings. This package includes a total of 13 bedrooms, 6 bathrooms and SIX separately deeded units. Currently generating $9,025 per month in rental income, the portfolio consists of a diverse mix of 2, and 3-bedroom units, with five units occupied and one vacant 2-bedroom unit, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The SIX CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Three units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street.