47 Montgomery ST Active Save Request In-Person Tour Request Virtual Tour
Pawtucket,RI 02860
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $195
MLS Listing ID 1386525
Bedrooms 8
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 4,600
Year Built 1900
Annual Tax Amount $7,969
Tax Year 2024
Lot Size 3,519 Sqft
Acres 0.0808
Property Sub-Type Multi Family
Property Description
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.
Location
State RI
County Providence
Rooms
Basement Exterior Entry,Full,Interior Entry,Unfinished
Interior
Heating Baseboard,Electric,Gas
Cooling None
Flooring Vinyl
Inclusions No 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 limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.
Fireplace No
Appliance Gas Water Heater
Laundry Common Area
Exterior
Parking Features Detached
Garage Spaces 1.0
Community Features Golf,Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
Utilities Available Sewer Connected
Total Parking Spaces 3
Garage Yes
Building
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Other
New Construction No
Others
Senior Community No
Tax ID 47MONTGOMERYSTPAWT
Virtual Tour https://tour.RiLiving.com/47-Montgomery-Street-Pawtucket-RI-02860