Pawtucket, RI 02860 47 Montgomery Street
$899,999
21 more
Presented By:
SQFT • 4,600
SQFT • 4,600Home Details
47 Montgomery presents a high-income generating investment opportunity: it generates $9,992 per month ($120K annually), making it the most lucrative cash flowing deal currently available in Rhode Island. This seven-unit property features a mix of units including two 2-bed/1-bath, four 1-bed/1-bath, and a studio unit. Tenants cover their own electric and heating costs. Owner pays for hot water. The current owner has invested $75k in recent renovations, upgrading kitchens, bathrooms, flooring, and appliances across multiple units. Additionally, all electrical wiring has been replaced, and common area hallways have been refreshed. 47 Montgomery is fully turnkey, offering immediate cash flow and significant potential for further value enhancement. Detailed financials are available upon request.
Presented By:
Interior Features for 47 Montgomery Street
Bathrooms
Total Baths
Other Interior Features
Above Grade Finished Area4600.0
Air Conditioning Y/NNo
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories3
General for 47 Montgomery Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate9.78
Carport Y/NNo
CityPawtucket
Community FeaturesGolf, HighwayAccess, NearHospital, NearSchools, PublicTransportation, RecreationArea, Restaurant, Shopping, Sidewalks
Construction MaterialsFrame
CoolingNone
CountyProvidence
ElectricAmps100
Electric On Property Y/NNo
Garage Y/NNo
Gross Income119904.0
HOANo
HeatingBaseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3520.0
Lot Size UnitsSquareFeet
MobileHomeRemainsYNNo
Net Operating Income88025.0
New ConstructionNo
Number Of Units Total0
Operating Expense28282.0
OwnerPaysHotWater, Insurance, Repairs, Sewer, Taxes, TrashCollection, Water
PossessionRentalAgreement
Possible UseMultiFamily, Residential
Property Attached Y/NNo
Property SubtypeCommercial
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerConnected, PublicSewer
Standard StatusActive
StatusActive
Structure TypeApartment, MultiFamily
Tax Annual Amount7969.0
Tax Assessed Value403400
Tax Lot185
Tax Year2024
Tenant PaysElectricity, Heat
UtilitiesSewerConnected
Virtual TourClick here
Year Built1900
Exterior for 47 Montgomery Street
Building Area Total4600.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsNo warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limite
Irrigation Water Rights Y/NNo
Lot Size Acres0.0808
Lot Size Area3520.0
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking3.0
Water SourceConnected, Public
WaterfrontY/NNo
Additional Details
Price History
Boyd Smith
Broker Owner