60 Reservoir AvePawtucket, RI 02860

Property Details for 60 Reservoir Ave

Year built

1993

Property type

Specialty properties

Property subtype

Mixed-use properties

Description

This exceptional investment property, located at 60 Reservoir Avenue in Pawtucket, Rhode Island, presents a lucrative opportunity. The 5,043 square foot lot houses a single building constructed in 1993, featuring nine individual garages. Each garage is equipped with electricity and separated by interior walls, offering convenient and secure storage for tenants. Currently, all nine garages are rented on a month-to-month basis at a below-market rate of $125 per month, generating consistent income. The property boasts a waiting list of prospective tenants, indicating strong demand and potential for immediate rental rate increases. This translates to significant potential for increased revenue and a strong return on investment. The property's classification includes land, mixed-use, special purpose, and self-storage designations, reflecting its versatility and potential for future development or expansion. The property is situated in Providence County, Rhode Island, with a zip code of 02860. This is a rare opportunity to acquire a well-established, income-producing property in a high-demand location. The asking price is $249,000. Don't miss this chance to secure a profitable investment in a thriving market.

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8785

Longitude

-71.4116

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