Description
Properties like 330 Pawtucket aren't available for sale often. This is a rare 9-unit building with (9) one-bed/one-bath units in an excellent area of Pawtucket. With a current gross income of $106,020 and pro-forma gross income of $140,000+, this asset offers a unique investment opportunity for those seeking to expand their portfolio in the booming Pawtucket real estate market. There is significant upside in the rent roll as well as value-add potential for the next owner. Current rents are below market, estimated market rents are 35-40% higher. Coin-Op for an additional $1,810 per year. Building is 100% occupied and units are in great condition. New Navien heating systems in 2020. New roof in 2021. New sewer piping in 2022. Fully compliant with a local fire alarm system. Reach out directly to the listing agent for a private tour.
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9BEDS
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0.11ACRES
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9BATHS
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01/2 BATHS
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4,662SQFT
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$214$/SQFT
School Ratings & Info
Description
Properties like 330 Pawtucket aren't available for sale often. This is a rare 9-unit building with (9) one-bed/one-bath units in an excellent area of Pawtucket. With a current gross income of $106,020 and pro-forma gross income of $140,000+, this asset offers a unique investment opportunity for those seeking to expand their portfolio in the booming Pawtucket real estate market. There is significant upside in the rent roll as well as value-add potential for the next owner. Current rents are below market, estimated market rents are 35-40% higher. Coin-Op for an additional $1,810 per year. Building is 100% occupied and units are in great condition. New Navien heating systems in 2020. New roof in 2021. New sewer piping in 2022. Fully compliant with a local fire alarm system. Reach out directly to the listing agent for a private tour.
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