$2,150,000

House for sale Pawtucket
Property photo number 1 of 16 Photos for Property. File  103888776_29_cac1a57ad45dc2485fde27a45fa9cf3d.jpeg

Overview

SUMMARY: Discover an opportunity with this Pawtucket house for sale and available for $2,150,000. This could be your next ideal home or a smart investment. More details await.
Opportunity to own a two-building, brick nine-unit multifamily package at 10 Saratoga Street (built 2008) and 26 Saratoga Street (built 1988) in Pawtucket, RI. This is a cash-flowing asset generating $18,235/month ($218,820 annually). The all 2-bedroom mix includes three premium,
fully renovated townhouse style 2BR/1.5-bath units commanding $2,375-$2,495 per month, alongside six 2BR/1-bath apartments. Renovated units showcase granite countertops, stainless steel appliances (including dishwashers), new cabinetry, new bathroom vanity, new flooring, and central air conditioning runs throughout every unit. Because tenants pay their own heat, hot water, and electricity, owner operating expenses stay low - supporting a 7.0% in-place cap rate that rises to 7.5% at market. A new roof, replacement windows across half the property, and ample parking (including a large rear lot) round out a turnkey, low-maintenance asset. Priced at $2,150,000, the offering pairs immediate cash flow with additional upside. Financials and rent roll available upon request.
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Details

  • Beds: 18
  • Baths: 9.5
  • Price: $2,150,000
  • Area: 8,578 sqft

Location

Marketed by:

  • Listing Manager
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