Active

198-200 Cross Street

Central Falls RI, 02863

$750,000


$141.62 per sqft

Active

5,296 sqft

Commercial

Built in 1900

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 system--ideal 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!

73176766

MLS ID

November 2, 2023

Listed

July 14, 2024

Updated

Map

198-200 Cross Street
Central Falls RI, 02863

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Rubber

Other Property Details

Taxes

$5,216


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Providence


Pool

No


Zoning

M-1

Listing History

Date

Event

Price

6/17/2024

Price Change

$750,000

-12%

2/14/2024

Price Change

$849,900

-6%

 

Courtesy of Alexander Parmenidez, Coldwell Banker Realty

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Data last updated 6:05 AM UTC, 7/14/2024

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