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.
- Principal and Interest
- Property Tax
- HOA fee