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47 Montgomery St

Pawtucket RI 02860

8
7
3
4600 sq. ft.
3520 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

47 Montgomery presents a high-income generating investment opportunity: it generates $9,992 per month ($120K annually), making it the most lucrative cash flowing deal currently available in Rhode Island. This seven-unit property features a mix of units including two 2-bed/1-bath, four 1-bed/1-bath, and a studio unit. Tenants cover their own electric and heating costs. Owner pays for hot water. The current owner has invested $75k in recent renovations, upgrading kitchens, bathrooms, flooring, and appliances across multiple units. Additionally, all electrical wiring has been replaced, and common area hallways have been refreshed. 47 Montgomery is fully turnkey, offering immediate cash flow and significant potential for further value enhancement. Detailed financials are available upon request.

Features

8 bedrooms
7 bathrooms
3 carspaces
1 garage space
4600 sq. ft. floor area
3520 sq. ft. lot size
Multi-Family

Property history for 47 Montgomery St

2021
Sold
$406,000
22 Feb 2021
2019
Sold
Undisclosed
14 Apr 2019
2001
Sold
$149,000
27 Aug 2001 by John Brady, of O Malley-Brady Realty, Inc.

Happy sellers in Pawtucket

95%
95% of sellers in Pawtucket reported that their sale price either exceeded or met their price expectations.

Pawtucket stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Pawtucket over the last 12 months.

Local market activity for 8 bedroom multi families in Pawtucket

In the last 12 months, 14 eight-bedroom multi families similar to 47 Montgomery St, have been sold.

This represents a 27% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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