186 Summit St - Apartments FOR SALE


Pawtucket, RI 02860- The Plains
$949,000 USD
401-952-7887
186 Summit St, Pawtucket, RI for Sale
$949,000 USD
Apartments - FOR SALE
1/46
null | 6.16% Cap Rate

186 Summit St
Pawtucket, RI 02860
The Plains


OVERVIEW

Investors and developers—a rare opportunity to own a fully updated six-unit converted mansion with outstanding upside potential. The property features three spacious two-bedroom, two-bath units, each with in-unit laundry, & three modern one-bedroom, one-bath units. Inside, you’ll find a dramatic leather-walled foyer & a grand staircase, with all units offering updated tile baths, newer kitchens, & hardwood floors. Heating is efficient & reliable with three gas forced hot air systems & three gas baseboard systems. The exterior is maintenance-free, & the large yard provides ample parking. There is an extra lot, which may be buildable, is available for separate purchase, though parking is plentiful without it. The building is currently occupied by long-term tenants on predominantly month-to-month leases at below-market rents, giving you immediate value-add potential. This turnkey investment offers condo conversion possibilities and impressive curb appeal. Truly a significant investment!

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,167

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,165 SF

ZONING

RM

APN/PARCEL ID

PAWT-000024-000000-000624

ASK ABOUT THIS PROPERTY

Joy RileyWestcott PropertiesMore Info
401-952-7887

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Joy RileyWestcott PropertiesMore Info
401-952-7887

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