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Joe Fazio

joe.fazio@engelvoelkers.com +1(401) 345-2466

$ 899,999

Est. payment -/mo

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Active

47 Montgomery ST Pawtucket, RI 02860

8 Beds

7 Baths

4,600 SqFt

UPDATED:

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

Listed by New England Apartment Group

Joe Fazio

Team Manager | Broker | License ID: REB.0019090

+1(401) 345-2466

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