422 Pawtucket AvePawtucket, RI 02860

Property Details for 422 Pawtucket Ave

Year built

1940

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

11,628 SF

Zone code

RT

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PAWT M:64 L:0848

APU

PAWTM64L0848

Description

This exceptional mixed-use investment opportunity is located at 422 Pawtucket Avenue, Pawtucket, Rhode Island, 02860. The property, built in 1940, encompasses a substantial 11,628 square feet situated on a 10,018 square foot lot. The building consists of two units, offering a blend of residential and commercial spaces. The residential component includes a total of eleven units, comprising two one-bedroom, seven two-bedroom, and two three-bedroom apartments. In addition to the residential units, there are two commercial units, providing versatile options for business ventures. Four garages are also included on the property, adding further value and utility. This property presents a compelling investment prospect with significant income potential. Detailed financial information, including rent rolls and expense reports, is readily available upon request. The property's prime location in Pawtucket, Rhode Island offers excellent access to local amenities and transportation networks. This is a rare opportunity to acquire a well-established mixed-use property with a proven track record. The asking price for this remarkable investment is $2,199,900. Don't miss out on this chance to secure a profitable addition to your portfolio. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,922,456

  6.5%

  $1,774,574

  7%

  $1,647,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,519,314

  Geo Method

  $1,519,314

• Alternative Use

  Use

  Valuation

  Residential

  $2,200,472

  Hospitality

  $2,015,621

  Educational

  $1,676,973

  Medical

  $1,734,647

  Retail

  $2,608,624

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8635

Longitude

-71.3935

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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