715 Cottage ST, Pawtucket, RI 02861
715 Cottage ST, Pawtucket, RI 02861
715 Cottage ST, Pawtucket, RI 02861
21
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$1,300,000
Est. payment /mo
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5,664 SqFt
Active

715 Cottage ST Pawtucket, RI 02861

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,664 sqft

Price per Sqft $229

MLS Listing ID 1417565

HOA Y/N No

Abv Grd Liv Area 5,664

Year Built 1988

Annual Tax Amount $12,436

Tax Year 2025

Lot Size 9,901 Sqft

Acres 0.2273

Property Sub-Type Commercial

Property 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

State RI

County Providence

Rooms

Basement None

Interior

Heating Baseboard

Cooling Window Unit(s)

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.

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)

Utilities Available Sewer Connected

Street Surface Concrete

Total Parking Spaces 8

Building

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Frame

New Construction No

Others

Tax ID 715COTTAGESTPAWT

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Listed by New England Apartment Group
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Tricia Coury
Tricia Coury

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