9 Units in Pawtucket RI, 10 & 26 Saratoga Ave Pawtucket, RI for sale

Investment Overview

Opportunity to own a two-building, brick nine-unit multifamily package at 10 Saratoga Street (built 2008) and 26 Saratoga Street (built 1988) in Pawtucket, RI. This cash-flowing asset generates $18,235/month ($218,820 annually). The all-2-bedroom mix includes three premium, fully renovated townhouse-style 2BR/1.5-bath units commanding $2,375–$2,495 per month, alongside six 2BR/1-bath apartments. Renovated units feature granite countertops, stainless steel appliances (including dishwashers), new cabinetry, new bathroom vanities, new flooring, and central air conditioning throughout every unit. Because tenants pay their own heat, hot water, and electricity, owner operating expenses stay low — supporting a 7.0% in-place cap rate that rises to 7.5% at market. A new roof, replacement windows across half the property, and ample parking (including a large rear lot) round out a turnkey, low-maintenance asset.

Investment Highlights

• 9-Unit Multifamily Portfolio: Two brick buildings consisting entirely of two-bedroom apartments.
• Established Rental Income: Approximately $18,235/month ($218,820 annually).
• Renovated Townhouse Units: Three 2BR/1.5BA units with rents ranging from approximately $2,375–$2,495/month.
• Updated Interiors: Renovated units feature granite countertops, stainless steel appliances, new cabinetry, bathroom vanities, and flooring.
• Central Air: Central A/C throughout the residential units.
• Tenant-Paid Utilities: Tenants pay heat, hot water, and electricity.
• Recent Improvements: New roof and replacement windows across approximately half of the property.
• Parking: Ample off-street parking, including a large rear lot.
• Pawtucket Location: Convenient access to Providence, I-95, Route 146, local retail, dining, schools, and services.