404 Benefit St Pawtucket, RI 02861
Darlington Neighborhood
3
Beds
4
Baths
3,744
Sq Ft
5,000
Sq Ft Lot
Highlights
- Golf Course Community
- Bathtub with Shower
- Public Transportation
- Recreation Facilities
- Storage Room
- Shops
About This Home
As of November 2024This unique opportunity would be a great addition to any investment portfolio. This property is located just a short distance to the highway for easy access to the cities of Providence or Boston. With great tenants in each of the 3 units, this property is a turn key building offering $5200 a month in rental income. The third floor apartment is a spacious 1 bedroom unit and the second floor apartment offers a spacious 2 bedroom unit. Both tenants would love to extend their current leases.
The first floor unit offers retail space that is currently occupied by The Happy Hour Bar. The two apartments are in great shape and the bar has recently been renovated.
**** The roof will be replaced with a 50 year warranties roof that is transferable to the new owner.
****lead Certs are also being worked on .
Last Agent to Sell the Property
J. Christopher Real Estate Grp License #RES.0041183 Listed on: 09/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,655
Year Built
- Built in 1900
Lot Details
- 5,000 Sq Ft Lot
- Fenced
- Paved or Partially Paved Lot
Home Design
- Block Foundation
- Aluminum Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,744 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
Kitchen
- Oven
- Range
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 8 Parking Spaces
- No Garage
Location
- Property near a hospital
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 393
- Assessor Parcel Number 404BENEFITSTPAWT
Community Details
Overview
- 3 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2024
Closed on
Nov 8, 2024
Sold by
Gallant Cynthia
Bought by
Jpa Properties Llc
Seller's Agent
Jason Gelfuso
J. Christopher Real Estate Grp
Buyer's Agent
Joseph Amen
Oakmont Realty Group
List Price
$545,000
Sold Price
$475,000
Premium/Discount to List
-$70,000
-12.84%
Total Days on Market
21
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,776
Avg. Annual Appreciation
-0.99%
Original Mortgage
$210,000
Outstanding Balance
$208,968
Interest Rate
6.12%
Mortgage Type
Commercial
Estimated Equity
$263,256
Purchase Details
Closed on
Jun 29, 2022
Sold by
Tootell William R
Bought by
Gallant Cynthia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2019
Sold by
Shaw Barbara L
Bought by
Tootell Robert E and Tootell William R
Purchase Details
Closed on
Apr 3, 1997
Sold by
Nolette Roger R
Bought by
Shaw Barbara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.5%
Mortgage Type
Commercial
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | None Available | |
| Warranty Deed | $475,000 | None Available | |
| Warranty Deed | $196,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $50,000 | -- | |
| Warranty Deed | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,000 | Commercial | |
| Closed | $176,000 | Commercial | |
| Closed | $90,000 | Commercial | |
| Closed | $210,000 | Commercial | |
| Previous Owner | $195,000 | Purchase Money Mortgage | |
| Previous Owner | $35,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/14/2024 11/14/24 | Sold | $475,000 | -12.8% | $127 / Sq Ft |
| 09/26/2024 09/26/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | For Sale | $545,000 | -- | $146 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $190,700 | $67,000 | $123,700 |
| 2023 | $0 | $188,700 | $55,600 | $133,100 |
| 2022 | $0 | $188,700 | $55,600 | $133,100 |
| 2021 | $0 | $188,700 | $55,600 | $133,100 |
| 2020 | $0 | $182,000 | $55,600 | $126,400 |
| 2019 | $0 | $182,000 | $55,600 | $126,400 |
| 2018 | $0 | $182,000 | $55,600 | $126,400 |
| 2017 | $0 | $177,500 | $60,100 | $117,400 |
| 2016 | -- | $177,500 | $60,100 | $117,400 |
| 2015 | -- | $177,500 | $60,100 | $117,400 |
| 2014 | -- | $191,900 | $65,300 | $126,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Gelfuso
Seller's Agent in 2024
Jason Gelfuso
J. Christopher Real Estate Grp
(401) 250-3603
3 in this area
120 Total Sales
-
Joseph Amen
J
Buyer's Agent in 2024
Joseph Amen
Oakmont Realty Group
(201) 218-3142
2 in this area
35 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1367929
APN: PAWT-000004-000000-000393
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