Property Attributes
- MLS#73206552
- TypeMulti-Family
- CountyPROVIDENCE
- CityPawtucket
- Zip02860
- Style5+ Family - 5+ Units Up/Down
- Year Built1920
- Taxes$ 8919
- Price$ 750,000
- Bedrooms9
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage4176
- Lot Size5,227 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Exceptional opportunity to own a very well maintained 6-unit building in Pawtucket. Featuring a mix of (3) one-bedroom and (3) two-bedroom units, with five of the six units having undergone renovations, this property offers a seamless turn-key investment opportunity. Additionally, the partially finished basement presents the potential for a seventh unit, adding further upside to the property. The property features coin-operated laundry in the basement, providing an additional income stream. With a history of consistently high occupancy, this property offers stability. There are also 7-8 parking spaces. Nestled within an Opportunity Zone, this investment presents compelling financial prospects, with ample room for value appreciation and rent escalation. Ideal for investors seeking a lucrative, cash-flowing asset with significant upside potential, this property promises both immediate returns and long-term growth. Reach out today for a private tour and financials.
Price History | |
---|---|
2/28/2024 | Listed $750,000 |
General Features
Sewer | Public Sewer |
---|---|
Zoning | RM |
Year Built | 1920 |
Electric | Individually Metered |
Property SubType | 5+ Family - 5+ Units Up/Down |
Tax Year | 2024 |
Gross Income | 74088 |
County | Providence |
Net Operating Income | 49323 |
Operating Expense | 24765 |
Insurance Expense | 3389 |
Property Type | Residential Income |
Garage Y/N | No |
Total Rooms | 33 |
Status | Active |
Directions | 284 Lonsdale |
City | Pawtucket |
Senior Community Y/N | No |
Total Units | 6 |
Lot Size Square Feet | 5192 |
Waterfront Y/N | No |
Street Name | Lonsdale Ave |
Year Built Details | Actual |
Tax Annual Amount | 8919 |
Home Warranty Y/N | No |
Water Sewer Expense | 3955 |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 300800 |
Total Actual Rent | 6050 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | Yes |
Interior Features
Basement | Full,Partially Finished |
---|---|
Total Stories | 9 |
Fireplace Y/N | No |
Full Baths | 6 |
Total Bedrooms | 9 |
Total Baths | 6 |
Exterior Features
Parking Features | Off Street |
---|---|
Lot Features | Corner Lot |
Water Source | Public |
Total Parking | 7 |
Lot Size Area | 0.12 |
Foundation Details | Concrete Perimeter |
Spa | No |
Building Area Total | 4176 |
Lot Size Acres | 0.12 |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool