Investment Property on Walcott

Multi-Family for Sale
Catylist Listing ID: 30381199
Property Subtypes: Mid-Rise, Mixed Use
Number of Units: 15 Units
Building Size (RSF): 13,824 SF
Gross Land Area: 14,397 SF
Sale Price: $1,100,000
Unit Price: $73,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.15%
Last Updated: 7/6/2020

Overview / Comments

This investment property is located on the corner of Walcott and Bend Street is Pawtucket, Rhode Island. The site is comprised of two residential properties. Building 1 is 4,441± square feet and hosts 6 residential units, Building 2 is 9,383± square feet and hosts 8 residential units and one commercial unit on the ground level. The sale of the property includes a parking lot that is located across the street. This site is surrounded by St. Raphael Academy, Vinnie Soucar Carpet Company, Dunkin’ Donuts, and various other businesses and close to two bus stops. At full occupancy the properties yield a 9.15% cap rate.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: RESIDENTIAL - RD2
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Parking Description: Parking lot across the street

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 38,896 166,010 359,852
Median Age: 35.27 36.93 35.64
Households: 15,870 66,158 138,577

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