$2,500,000

House for sale Pawtucket
Property photo number 1 of 14 Photos for Property. File  105080495_29_192aaa2c886aa1be87f8cade580a93af.jpeg

Overview

SUMMARY: Discover an opportunity with this Pawtucket house for sale and available for $2,500,000. This could be your next ideal home or a smart investment. More details await.
This impressively renovated twelve-unit offering at 60 Esten Street and 61 Vale Street in Pawtucket consists of two 1991-built buildings, each with six large 2-bedroom units. The Property currently generates $23,225 in monthly rental income ($278,700 annually) with clear upside
to a market level of $26,400/month - approximately 14% - as units turn. In-place rents range from $1,500 to $2,125 per month, with the renovated units achieving $2,075 to $2,125 and a market target of $2,200 across the board. Eight of the twelve units have been fully renovated with brand-new kitchens featuring high-end cabinetry, granite countertops, and stainless steel appliances, plus new flooring and fully updated bathrooms; six of those include in-unit washer/dryer (four at Esten, two at Vale), a standout amenity that commands premium rents. The remaining units are clean, well-maintained, and already achieving strong rents, offering a clear path to additional income. Key capital improvements are in place, including new boilers in both buildings, new windows on roughly half the Property, painted hallways, and new rubber stair treads, minimizing short-term capital expenditure. Ideal for an investor seeking large, well-renovated units, proven income, and one of the strongest rent-growth profiles available.
Request details

Details

  • Beds: 24
  • Baths: 12
  • Price: $2,500,000
  • Reference No.: 94992362
  • Area: 12,704 sqft

Location

Marketed by:

  • John Slyman
Request details
Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.