5 Hanover Ave - Multi-Family FOR SALE


Pawtucket, RI 02861- Darlington
$675,000 USD
401-368-4485
5 Hanover Ave, Pawtucket, RI for Sale
$675,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

5 Hanover Ave
Pawtucket, RI 02861
Darlington


HIGHLIGHTS

  • Heavy Daytime Traffic
  • Open Commercial Floorplan
  • Mixed Use

OVERVIEW

5 Hanover Ave (also addressed as 1143 Newport Avenue) is a legal three-unit mixed-use property in Pawtucket consisting of two residential apartments and one commercial unit with flexible configurations. The first-floor commercial space is currently divided into two areas, including a 1,600 sq. ft. unit fully renovated in 2018 with updated mechanicals, modern finishes, and large storefront windows; this space also has two separate mechanical systems allowing for further subdivision. An additional commercial area, formerly a florist, includes its own basement and private entrance. The two apartments, accessed from the rear stairwells, consist of a studio and a one-bedroom, both in need of updates. All separately metered utilities. The property offers paved off-street parking, a one-car garage with electricity, and is being sold with an additional parcel (Map 12, Lot 737), an RT-zoned 3,392 sq. ft. vacant lot located directly behind the building. Buyer to perform their own due diligence regarding future development potential.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

3

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Hanover Ave & 1143 Newport ave, Pawtucket

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Mixed Use Retail

APN/PARCEL ID

PAWT-000012-000000-000736

ASK ABOUT THIS PROPERTY

Scott VelosoResidential Properties LtdMore Info
401-368-4485

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Scott VelosoResidential Properties LtdMore Info
401-368-4485

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