Address
198-200 Cross Street, Central Falls, RI
Price
$ 849,900
Property Attributes
- MLS#73176766
- TypeCommercial
- CountyPROVIDENCE
- CityCentral Falls
- Zip02863
- Style
- Year Built1900
- Taxes$ 5216
- Price$ 849,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5296
- Lot Size4,792 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
A STONE AWAY FROM BOSTON!! ATTENTION ALL ENTREPRENEURS AND INVESTORS. Nestled in the city's heart lies a remarkable investment treasure: SIX UNITS on a single lot. Each of these five residential spaces radiates meticulous care, featuring two ample bedrooms adorned with fresh paint, refinished flooring, a cutting-edge Navient heating system, and modern bathrooms. Every unit is thoughtfully equipped with its distinct circuit breaker, seamlessly blending individuality and convenience. A newer, fully coded fire alarm system ensures the safety of all inhabitants, pointing to a promising cap rate of 9.6%. Further enhancing this property's allure is the FULLY OPERATIONAL BAR. This ready-to-use establishment boasts essential licenses, an extensive inventory, posh furniture, a television, and a robust security system. For visionaries dreaming of a thriving restaurant, bar, or lounge venture, this place is rife with promise.
| Price History | |
|---|---|
| 11/2/2023 | Listed $900,000 |
| 2/13/2024 | 6% - $849,900 |
General Features
| Utilities | Public Water,Public Sewer,Natural Gas Available,110 Volts |
|---|---|
| Roof | Rubber |
| Zoning | M-1 |
| Year Built | 1900 |
| Tax Year | 2022 |
| Gross Income | 106200 |
| County | Providence |
| Net Operating Income | 76705 |
| Operating Expense | 24185 |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Of Dexter street,turn right on cross st to the left side of the street |
| City | Central Falls |
| Disclosures | The driveway does not come with the property,there is an easement was cleared when the owner to ownership of the property |
| Senior Community Y/N | No |
| Zoning Description | Legal Conforming |
| Lot Size Square Feet | 4792 |
| Waterfront Y/N | No |
| Street Name | Cross Street |
| Tax Annual Amount | 5216 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | 310 |
Exterior Features
| Lot Size Area | 0.11 |
|---|---|
| Building Area Total | 5296 |
| Lot Size Acres | 0.11 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02863
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
