$141.62 Per Sq Foot $4,026 est/mo Sourced by Back At You

198-200 Cross Street,Central Falls, RI 02863

Central Falls RI, 02863

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Description

This property boasts a cap rate of over 10%, making it a true gem for savvy investors. Featuring six units on a single lot, it includes five meticulously maintained residential units, each with two spacious bedrooms, freshly painted interiors, refinished flooring, modern bathrooms, and Navien heating systems. Each unit has its own circuit breaker for added convenience, and a newly installed, fully coded fire alarm system ensures safety.The property also includes a fully operational bar, generating over $56K in net income. The bar comes with licenses, inventory, stylish furniture, television, and a robust security systemideal for a restaurant, bar, or lounge.Located close to downtown, with easy access to I-95 and the Pawtucket/Central Falls Station, this property is also conveniently near Providence and Boston. With room for rent growth, this mixed-use building is an attractive proposition for discerning investors. Don’t miss out on this remarkable investment treasure!

Details

MLS#73176766
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site259
Listing Provided ByColdwell Banker Realty | Alexander Parmenidez
Buying Commision2%

Features

SQ Feet5,296
ZoningM-1
Acreage0.11
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS Property Information Network.

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Learn More About This Property

StateRI
CountyProvidence
CityCentral Falls
Zip Code02863
AreaProvidence
Listing VS Median (in 02863)
Price:
$750,000
low | high
Med:
$569,000
74.133333333333% of Average
SqFt:
5,296
low | high
Med:
3,120
91.087613293051% of Average
$ / SqFt:
$142
low | high
Med:
$182
21.221196581197% of Average
On Site:
259
low | high
Med:
26.000000
100% of Average
Sourced by Back At You
Listing Updated: July 11, 2024 at 4:31:04 PM PDT