1. Rhode Island
  2. Pawtucket
  3. 47 Montgomery Street
$899,999

47 Montgomery Street, Pawtucket, RI 02860

  • 4,600 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,520sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

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.

Listing Status:
Active
Date Added:
June 2, 2025 at 05:00AM
Listing Office:
New England Apartment Group : 508-330-0325
MLS ID:
1386551
  • Laundry: Common Area
  • Basement: Full
  • A/C: None
  • Heating: Baseboard

This listing courtesy of New England Apartment Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Henry J. Winters Elementary School

481 Broadway, Pawtucket, RI, 02860

Grades KG-5

0.67 miles away

J

Joseph Jenks Middle School

350 Division St, Pawtucket, RI, 02860

Grades 6-8

0.79 miles away

W

William E. Tolman Senior High School

150 Exchange St, Pawtucket, RI, 02860

Grades 9-12

0.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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