6 Armistice BLVD,
6 Armistice BLVD Pawtucket, Rhode Island 02860 United States

6 Armistice BLVD
6 Armistice BLVD Pawtucket, Rhode Island 02860 United States

$650,000
  • 1920
    Year Built
  • 1323403
    Web Id
  • 1323403
    MLS ID
  • Pawtucket
    School District

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6 Armistice BLVD

About 6 Armistice BLVD, Pawtucket, Rhode Island

True 7% Cap Rate at current below market rents! This massive 5,100 sq ft 6-family home in the heart of Quality Hill is the perfect mix of turnkey with value add. Current gross annual rents of $71,400 produces an NOI of nearly $45,000 per year at current rents. With some improvements to two of the apartments along with rent increases estimated pro-forma gross annual rents can exceed $80,000. There are three 2-bedroom apartments and three 1-bedroom apartments. Additional potential for value add with a 7th unit in basement would require city approval (already outfitted with a bathroom and some semi-finished areas. On-street parking only, 5 of the 6 units have electric baseboard heat (other is forced water gas boiler). Tenants pay all their own utilities (electric and gas). Coin operated washer dryer, durable aluminum siding, newer roof make this your ideal investment with great returns on day one. This property is fully fire-coded with hardwired smokes/COs and a local fire alarm system.

Marketed By

Property ID:1323403

MLS ID:1323403

Listing Courtesy of Premier Properties RI