Pending
Under Agreement
200 Cross
Central Falls RI, 02863
$750,000
Pending
Under Agreement
Commercial
Built in 1900
This property is a prime investment opportunity with a strong 10.5% cap rate, ideal for investors seeking high returns. It features six units on a single lot, including five well-maintained residential units with two bedrooms each, updated bathrooms, refinished flooring, and efficient Navien heating systems. All units are rented month-to-month, providing flexibility to adjust rents and maximize returns. Rents include heat and hot water, ensuring high occupancy due to strong demand, particularly given the property's proximity to the Pawtucket/Central Falls Station. A fully operational bar generates over $56K in net income annually and comes equipped with all licenses, inventory, furnishings, and a robust security system. This business has proven income potential with room for growth. The property also offers potential for expansion at the back for additional parking, further enhancing its value. With easy access to downtown, I-95, and major transport links to Providence and Boston.
73285312
MLSⓇ ID
September 4, 2024
Listed
December 20, 2024
Updated
Map
200 Cross
Central Falls RI, 02863
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Roof
Shingle
Other Property Details
Taxes
$5,620
Tax Frequency
Annually
Garage
No
Parking Total
0
View
No
County
Providence
Pool
No
Zoning
M-1
Listing History
Date | Event | Price |
|---|---|---|
10/24/2024 | Pending | — |
10/10/2024 | Under contract | — |
Courtesy of Alexander Parmenidez, Coldwell Banker Realty
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Data last updated 5:39 PM UTC, 12/20/2024
