New England Apartment Group
Listed by New England Apartment Group
$1,300,000
715 Cottage Street
Details
APN 715COTTAGESTPAWT
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 5,664
Units 4
Year Built 1988
Buildings 1
Acreage 0.227
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.41
Multifamily | 4 Units
Marketing 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.
Listing Contacts
New England Apartment Group
Listed by New England Apartment Group
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Zoning
RT ResidentialTwo FamilyResidential Two Family
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