284 Lonsdale Avenue

Pawtucket, RI 02860

$750,000
Price
9
Beds
6
Baths
4,176 Sq. Ft.
$180 / Sq. Ft.
4,176
Sq. Ft.
$180
per Sq. Ft.

Description

Exceptional opportunity to own a very well maintained 6-unit building in Pawtucket. Featuring a mix of (3) one-bedroom and (3) two-bedroom units, with five of the six units having undergone renovations, this property offers a seamless turn-key investment opportunity. Additionally, the partially finished basement presents the potential for a seventh unit, adding further upside to the property. The property features coin-operated laundry in the basement, providing an additional income stream. With...Exceptional opportunity to own a very well maintained 6-unit building in Pawtucket. Featuring a mix of (3) one-bedroom and (3) two-bedroom units, with five of the six units having undergone renovations, this property offers a seamless turn-key investment opportunity. Additionally, the partially finished basement presents the potential for a seventh unit, adding further upside to the property. The property features coin-operated laundry in the basement, providing an additional income stream. With a history of consistently high occupancy, this property offers stability. There are also 7-8 parking spaces. Nestled within an Opportunity Zone, this investment presents compelling financial prospects, with ample room for value appreciation and rent escalation. Ideal for investors seeking a lucrative, cash-flowing asset with significant upside potential, this property promises both immediate returns and long-term growth. Reach out today for a private tour and financials.
  1. Listed by John Slyman • John Slyman

Property Details for 284 Lonsdale Avenue

Town
Pawtucket
Area
RI-Pawtucket
Garage Spaces
0
Parking Spaces
7.00
Parking Spaces Total
7

Location

Listing Courtesy of John Slyman
Add your commute
LISTING UPDATED: 03/03/2024 03:07 AM

Property Details for 284 Lonsdale Avenue

StatusActive
MLS #73206552
Days on Market61
Taxes$8,919 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1920
CountyProvidence County

Location

Listing Courtesy of John Slyman
Add your commute

Building Information for 284 Lonsdale Avenue

Stories9Residences6Year Built1920Building Size-Lot Size0.12 AC / 5,192 SF

Payment Calculator

$4,836 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$743

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 284 Lonsdale Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4176.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Partially Finished
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:46 L:0106,406276
  • Assessments: $300,800
  • Book: 3786
  • Tax Year: 2024
  • Zoning: RM
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $74,088.00
  • Gross Scheduled Income: $5,618.00
  • Insurance: $3,389.00
  • GRE: $24,765
  • RME: $2,884
  • NOI: $49,323.00
  • Operating Expense: $24,765.00
  • WSE: $3,955.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,050.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: Negotiable
  • Selling Broker Comp: Negotiable
  • Other Agent Compensation: Negotiable

Property History for 284 Lonsdale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 284 Lonsdale Avenue

Taxable ValueLand$62,100Additions$238,700Total$300,800
Tax Record2023$5,096 ($425 / month)
Home Facts
Baths6Total Finished SqFt4,176 SqFtAbove Grade Finished SqFt4,176 SqFtStories3Lot Size5,192 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRMCountyPROVIDENCEAPNPAWT M:46 L:0106

Schools near 284 Lonsdale Avenue

This home is within Pawtucket School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cunningham School
PublicK to 5

Samuel Slater Junior High School
Public6 to 8

Shea High School
Public9 to 12

Elizabeth Baldwin School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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284 Lonsdale Avenue is a multi-family home for sale in Pawtucket, RI 02860. This property was listed for sale on February 28, 2024 by John Slyman, it's currently listed at $750,000. It has been on the market for a total of 61 days and was last sold on July 2, 2004. This listing's school district is Pawtucket School District. Nearby schools include Cunningham School, Samuel Slater Junior High School and Shea High School. 284 Lonsdale Avenue is a 9-bed, 6-bath, 4,176 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John Slyman

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.