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735 Broadway
Pawtucket, RI 02861
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Fully Renovated 5 Residential Units
- Fire Compliant
- Corner Lot
EXECUTIVE SUMMARY
Exceptional mixed-use investment opportunity, bringing in over $120,000 in income with a 9.5% cap rate! This property is on the Pawtucket/Massachusetts border and is a fully renovated 6-unit building includes 5 residential units and 1 commercial unit. There is a restaurant with a long-term lease (tenant contributes to property taxes) on the first floor. The rest of the building consists of 5 residential units totaling 10 bedrooms and 6 bathrooms, including a 3-bed, 2-bath unit. All residential units have been renovated floor to ceiling with new kitchens, granite countertops, stone herringbone backsplashes, stainless appliances, new windows, and updated bathrooms. New fire panel installed. Located within 9 minutes of the commuter rail. P&L available upon request.
PROPERTY FACTS
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 6 | Building Size | 6,420 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1930/2025 |
| Zoning | CG | ||
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,420 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2025 |
| Zoning | CG |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Tile Floors
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Double Pane Windows
- Vinyl Flooring
SITE AMENITIES
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,623 | 1,070 |
| 3+1 | 1 | $1,995 | 1,070 |
| 3+2 | 1 | $2,050 | 1,070 |
PROPERTY TAXES
| Parcel Number | PAWT-000005-000000-000519 | Improvements Assessment | $305,800 |
| Land Assessment | $114,500 | Total Assessment | $420,300 |
PROPERTY TAXES
Parcel Number
PAWT-000005-000000-000519
Land Assessment
$114,500
Improvements Assessment
$305,800
Total Assessment
$420,300
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