
$1,300,000 USD
Multi Family Home for Sale, 715 Cottage Street, Pawtucket, Rhode Island 02861
- MLS#1417450
- Bedrooms11
- Bathrooms6
- Home/Lot size
526 m² (5,664 ft²)
Listed By New England Apartment Group
The Multi Family Home for Sale located at 715 Cottage Street, Pawtucket, Rhode Island 02861 is currently for sale. 715 Cottage Street, Pawtucket, Rhode Island 02861 is listed for $1,300,000. This property has 11 bedrooms, 6 bathrooms.
Property features
Property
- Property size:
526 m² (5,664 ft²)
Lot/Land
- Land/Lot size:
920 m² (9,900 ft²)
Construction
- Year built: 1988
Bedrooms
- Bedrooms: 11
Bathrooms
- Total bathrooms: 6
- Full bathrooms: 6
Interior Features
- Floors: Vinyl
Heating and Cooling
- Heating system: BaseboardNatural Gas
- Cooling system: Window Unit(s)
Utilities
- Other utilities: Public Sewer
Community
- Features: Golf CourseMarina
Description
715 Cottage Street is a cash-flowing, six-unit multifamily property built in 1988 that is generating $11,025/month ($132,300 annually) in Pawtucket, RI. The unit mix of one large 1-bedroom and five very large 2-bedroom units is largely updated — four of the six units have been renovated, with new kitchens featuring granite countertops, cabinetry, and stainless steel appliances. In-place rents range from $1,750 to $1,950 per month, and even the unrenovated units are producing strong income. Building improvements include five new hot water tanks and roughly 90% of windows replaced, and because tenants pay their own utilities, the Property runs on low operating expenses. Priced at $1,300,000, the offering pairs stable cash flow with a straightforward value-add path. Financials and rent roll available upon request.
Location
715 Cottage Street, Pawtucket, Rhode Island 02861