90 Brown St Pawtucket, RI 02860

Five Apartments. Nearly $45,000 per year in gross rents. Rents below market for several of the units make this a great value-add opportunity. Newer roof, windows, vinyl siding with great location convenient for those commuting to Providence or Boston. Several single family homes located in this nice neighborhood. One gas boiler provides heat for all units and minimizes maintenance costs. Heat and hot water included in all rents. Electricity is also included in all rents in order to ensure all utilities stay on during turnovers and tenants can pay a premium for rent. However, there are separate electric meters for each unit. Property is fire coded with plenty of off street parking. Coin op laundry in basement top this off as your perfect investment at a great price. Note that 2 apartments are subsidized (Sec 8) tenants at below market rents with all utilities included. A renegotiation of rents could mean significantly increased income plus the assurance of rent payments by the subsidized institution responsible for the payments.