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Key Details
Sold Price $625,501
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,329 sqft
Price per Sqft $144
MLS Listing ID 73105897
Sold Date 05/22/23
Bedrooms 8
Full Baths 4
Year Built 1900
Annual Tax Amount $6,602
Tax Year 2022
Lot Size 871 Sqft
Acres 0.02
Property Description
Cash flow day 1 at this rare, meticulously cared-for large 4-family located on the MA border in Pawtucket, RI in a quiet residential neighborhood. This property presents an incredible investment opportunity for those seeking to expand their portfolio in the booming Pawtucket real estate market. Pride in ownership shows throughout this truly turnkey property. Featuring two 3-bedroom units and two 1-bedroom units. All apartments in excellent condition and relatively updated. Newer plumbing and electrical wiring. Tenants are below market rent, estimated market rents are 31% higher. 4-bay garage for an additional $4000-6000 per year of income. Also Coin-Op for an additional $1,200 per year. Tenants pay their own utilities, plenty of off-street parking. This beautiful property is already hard-wired with smoke and carbon monoxide detectors, fully compliant with a local fire alarm system. 4 minutes from the South Attleboro Train Station. 9.8% Cash on Cash Returns On Day 1 With Upside to 18%.
Location
State RI
County Providence
Zoning RT
Direction Google Maps
Rooms
Basement Full
Interior
Interior Features Other (See Remarks)
Heating Unit 1(Oil), Unit 2(Gas), Unit 3(Gas), Unit 4(Electric)
Flooring Hardwood
Appliance Other, Gas Water Heater, Tank Water Heater, Water Heater(Varies Per Unit)
Basement Type Full
Exterior
Exterior Feature Rain Gutters
Garage Spaces 4.0
Fence Fenced
Total Parking Spaces 7
Garage Yes
Building
Story 9
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public, Individual Meter
Others
Senior Community false
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Bought with Fida Salameh • Peace of Mind Property Management & Real Estate, Inc.