60 Reservoir Ave Pawtucket, RI 02860

This exceptional investment opportunity presents a portfolio of nine individual garages located at 60 Reservoir Avenue in Pawtucket, Rhode Island. The property sits on a 0.12-acre lot and encompasses a total of 200 square feet of building space. Each garage is independently metered for electricity and separated by interior walls, offering flexibility and convenience for both owner and tenants. Currently, all nine garages are rented on a month-to-month basis at a below-market rate of $125 per month. This translates to a current gross monthly income of $1125, presenting significant upside potential through market-rate adjustments. The high demand is evidenced by an existing waiting list of prospective tenants, indicating strong potential for immediate and future rental income growth. The property is classified as general commercial and is offered at an attractive price of $249,000. This presents a rare chance to acquire a stable, income-generating asset with immediate cash flow and significant room for appreciation. The property's location in Pawtucket offers easy access to major transportation routes and local amenities, further enhancing its appeal to both tenants and investors. This is a turnkey investment ready for immediate income generation and future growth. Don't miss this opportunity to acquire a proven, high-demand commercial property.