890 Main St Pawtucket, RI 02860

Property Details for 890 Main St

Year built

1910

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a five-unit multifamily property located at 890 Main Street, Pawtucket, Rhode Island, 02860. Built in 1910, this property sits on a 4,685 square foot lot and comprises one building. The property features a mix of unit sizes, including one spacious three-bedroom apartment, two two-bedroom apartments, and two one-bedroom apartments. Currently, all units are month-to-month tenancies, offering immediate flexibility for the new owner. Importantly, current rental rates are below market value, presenting a significant opportunity to increase cash flow through market-rate adjustments. The property's convenient location offers easy access to major roadways and is just five minutes from the new Pawtucket train station, providing excellent commuting options for both the owner and tenants. The asking price for this prime investment property is $700,000. This represents a compelling opportunity to acquire a well-situated multifamily property in a developing Rhode Island city with significant potential for future appreciation and strong rental income. The property's existing structure provides a solid foundation for immediate income generation and long-term growth. Don't miss this chance to secure a valuable asset in a thriving market.

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Longitude

-71.3988303

Latitude

41.8673492