56 Libbeus Street, Woonsocket, RI 02895

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Stacy C.

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Building Details:

• Year Built: 1900

56 Libbeus Street is amulti-family property for lease in Woonsocket, RI.

Solid Property w/SEVEN FULLY OCCUPIED units in two separate buildings plus a two bay garage, AND a 3 bay garage on 3 sep lots. Multi-Family listings 1087617 & 1087618 listed here together because property line runs down the middle of 2 bay garage last photo in series.

Photos were taken on turnover, but property is currently fully occupied.

3 Family needs paint, new windows, and electrical updated
4 Family needs paint, one unit needs new windows, and the Seller is willing to install one new gas heating system - It's currently one oil heating system. There are meter bars for four gas meters so heat could be put back on tenants with installation of four heating systems and separate hot water tanks.

4 Family has hard wired smokes with a panel and is current on testing. Seller willing to consider having wireless smokes installed in 3 Family.

There is a minimum housing violation on the 3 bay garage. The city wants to see paint and a roof minimum and garage doors are probably necessary as well.

The property cash flows at the right price, unfortunately sellers bought when the market was high.

Seller is expecting an offer with deductions for some of the work required. 48 hours notice required for tenants, but if given that time, it is an easy show as the tenants are cooperative. Property has been professionally managed for three years.

Call, text or email Stacy to make an appointment 401-829-8323 stacycorrigan@gmail.com

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