Mixed Use on Central Ave Pawtucket

Multi-Family for Sale
Catylist Listing ID: 30773392
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 6,553 SF
Gross Building Area: 9,434 SF
Gross Land Area: 5,400 SF
Sale Price: $525,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment
Building Name: 619 Central Avenue
Usable Size (USF): 6,553 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Mixed use 7 unit building consisting of 1 commercial unit and 6 residential apartments. Two 2 bedroom and four 1 bedroom units. All units are month to month except 1st floor front apartment. Only the commercial unit (bar) pays their own utilities. All residential units have utilities included in their rent. Building has new roof and new central gas boiler. Full basement. Parking for 8 vehicles.
Gross annual income at full occupancy is $80,400.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $9,057 (Annual)
Tax Value Land $69,600
Tax Value Improvements $242,500
Assessed Value - Total($) $312,100 (Annual)
Potential Rental Income $80,400 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Pawtucket
Tax ID/APN: PA 110133
Zoning: CG
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1910
Roof Type: Arched
Construction/Siding: Vinyl Siding, Wood Frame
Parking Type: Surface
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,984 139,583 314,113
Median Age: 37.59 37.11 36.16
Households: 13,415 55,503 122,609

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