33 Benefit StPawtucket, RI 02861

Property Details for 33 Benefit St

Year built

1920

Property size (Sq ft)

2,775 SF

Property type

Land

Description

This exceptional investment opportunity in Pawtucket, Rhode Island, presents a rare chance to acquire a multifamily property with significant upside. Located at 33 Benefit Street, this 6,398 square foot lot features two buildings totaling 2,775 square feet and encompassing five rental units. Built in 1920, the property includes a three-family and a two-family house, offering a diverse rental portfolio. Both buildings received roof and vinyl siding replacements in 2011, ensuring long-term structural integrity. Ample off-street parking is available for residents. The property currently boasts below-market rents, presenting immediate potential for increased income through modest rent adjustments. Unit layouts include a two-bedroom unit and another two-bedroom unit at 33 Benefit Street, and at 35 Benefit Street, a two-bedroom unit, a one-bedroom unit, and a lower-level one-bedroom unit. Note that only three units are depicted in the available photographs. With some interior updates, this property's value and rental income can be significantly enhanced. The asking price is $649,999. This property is situated in Providence County, Rhode Island, with the address 33 Benefit Street, Pawtucket, RI 02861.

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8817

Longitude

-71.3527

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