110 Summit St - Apartments FOR SALE


Pawtucket, RI 02860- The Plains
$950,000 USD
401-286-0599
110 Summit St, Pawtucket, RI for Sale
$950,000 USD
Apartments - FOR SALE
1/19
null | 6.06% Cap Rate

110 Summit St
Pawtucket, RI 02860
The Plains


HIGHLIGHTS

  • Solid building and well cared for
  • Easy access to route 95, airport and all amenities
  • Off street parling

OVERVIEW

Prime investment opportunity for this well maintained and solidly built 8 unit brick garden style apartment building. All units are 2 bedroom 1 bathroom apartments and are all currently rented with solid tenants. Tenants pay for their own heat and electric. There is coin laundry in the basement along with some storage space, boiler room and a store room for building supplies. The exterior of the building has 10 parking spots, a front and rear yard and a fenced in dumpster area. Current rents are well below market and a new owner could raise them substantially and gain more income. New fire alarm system was installed back 2009 and building has a newer roof with all new plywood and 35 year shingles. Due to health issues I have priced the property for a quick sale. NOTE: The apartment rooms in the pictures are bigger than they appear

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

8

PRICE/UNIT

$118,750

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,257 SF

ZONING

RM

APN/PARCEL ID

PAWT-000024-000000-000572

ASK ABOUT THIS PROPERTY

David SosciaDavid SosciaMore Info
401-286-0599

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David SosciaDavid SosciaMore Info
401-286-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.