19 Cherry St Pawtucket, RI 02860
- Commercial real estate
- 0.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 19 Cherry St
- Year built
- 1990
- Lot size
- 0.44 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents 16 condo units in a 19-unit complex located at 19 Cherry Street, Pawtucket, Rhode Island. The property sits on a 0.44-acre lot and is offered at $2,160,000. This portfolio offers significant potential for substantial returns, with individual unit resale values exceeding the current asking price. The seller is offering a significant discount to facilitate a swift sale to a single investor seeking to acquire all 16 units at once. The units comprise fourteen 1-bedroom condos ranging from 430 to 650 square feet, one 2-bedroom condo of approximately 830 square feet, and one studio condo of approximately 350 square feet. Detailed financial information, including profit and loss statements and a rental income breakdown, is available upon request. This presents a rare chance to acquire a substantial multi-family investment property in a single transaction, offering immediate and long-term financial benefits. The property's location in Pawtucket, RI, provides access to a strong rental market and contributes to the overall investment appeal. This is a turnkey opportunity to expand your real estate portfolio with a well-established and profitable asset. Don't miss this chance to secure a significant investment advantage.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3895
- Latitude
- 41.8818
