Question 1

How many units and bedrooms are in 311 Elm Street?

Accepted Answer

Three fully separate units: 1-bed, 7-bed owner's duplex, and 3-bed. Total of 11 bedrooms and 3 full baths.

Question 2

What historic features does it have?

Accepted Answer

1863 Queen Anne Victorian with wraparound porch, turret, double parlors, 9-ft ceilings, original hardwood inlays, and period moldings.

Question 3

How close is it to downtown and Providence?

Accepted Answer

2-minute walk to downtown Woonsocket cafés & Riverwalk. 15 minutes to Providence, 10 minutes to MA line.

Question 4

What’s the rental income potential?

Accepted Answer

Three turn-key units with separate utilities = $60K–$67K gross rent/year. 8% cap rate at list price. Zero deferred maintenance.

Question 5

Can an owner-occupant live rent-free?

Accepted Answer

Yes. Live in the 7-bed palace while the 1-bed + 3-bed units pay your mortgage. 7 parking spaces + corner-lot curb appeal.

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