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330 Pawtucket Avenue

Pawtucket, RI 02860
  • $820,000
  • STATUS: Closed
  • ON SITE: 189 Days
  • MLS #: 1336104
Sold - 10/06/2023
$820,000
SOLD - 10/06/2023
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

Priced to sell at $100K a unit - great deal! Back on market due to sale of buyer's property falling through! 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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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-11-27T23:37:33.717.
www.mercuriogroup.com/homes/139802584
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330 Pawtucket Avenue Pawtucket, RI 02860

  • Price: $899,900
  • Status: Closed
  • On Site: 189 Days
  • MLS #: 1336104
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1920
Built
County:
Providence
Area:
Pawtucket
Property Description
Priced to sell at $100K a unit - great deal! Back on market due to sale of buyer's property falling through! 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.
Exterior Features

Frontage Length 100 Parking Total 0

Interior Features

Basement Full Basement YN Yes Cooling Windowunits Cooling YN Yes Heating Baseboard Heating YN Yes

Property Features

Buyer Financing ArmConventional Community Features GolfHighwayaccessNearhospitalNearschoolsPublictransportationRecreationareaRestaurantShoppingSidewalks Electric Item200AmpService Gross Income 106020 Human Modified YN No Inclusions No Warranty Or RepresentationExpressed Or impliedis Made By The Owner Or Broker Or Any Related Entity As To The Accuracy Or Completeness Of The information Contained HereinIncluding But Not Limited To Financial information Or Projections Or Any information Related To The Physical Buildings Or Land. Prospective Purchasers Should Make Their Own investigationsprojectionsand Conclusions. It is Expected That Prospective Purchasers Will Conduct Their Own independent Due Diligence Concerning The O Land Lease YN No Laundry Features Commonarea New Construction YN No Operating Expense 37280 Owner Pays ElectricityHeatHotwater Property Sub Type Commercial Sewer ConnectedPublicsewer Structure Type ApartmentMultifamily Tax Annual Amount 12078 Tax Assessed Value 407900 Tax Lot 0431 Tax Year 2022 Utilities NaturalgasconnectedSewerconnected Water Source ConnectedPublic

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of New England Apartment Group: .



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-11-27T23:37:33.717.
 
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Remax Preferred - The Mercurio Group
641 Armistice Blvd.
Pawtucket RI, 02861