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.Show Description MLS® Number1386525
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.0808
Exterior
GarageYes
Approx. Age1900
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayDetached, Garage
Garage Spaces
HeatBaseboard, Electric, Gas
A/CNone
Heating Fuel
No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.
