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198 Cross Street

Central Falls, RI 02863
  • $750,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 1361277
Price Reduced
UPDATED: 108 min ago
$750,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,293
    SQFT
  • $142
    $/SQFT
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

This property boasts a cap rate of over 10%, making it a true gem for savvy investors and entrepreneurs. 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. A newly installed, fully coded fire alarm system ensures safety. The property also includes a fully operational bar, generating over $56K in net income, complete 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!

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. 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. Data last updated: 2024-06-23T11:37:47.543.
www.lavonnelopes.com/homes/151534064
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198 Cross Street Central Falls, RI 02863

  • Price: $750,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 108 min ago
  • MLS #: 1361277
0
Beds
0
Baths
0
½ Baths
0.11
Acres
5,293
SQFT
$142
$/SQFT
1900
Built
Neighborhood:
Central Falls Train Station
County:
Providence
Area:
Central Falls
Property Description
This property boasts a cap rate of over 10%, making it a true gem for savvy investors and entrepreneurs. 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. A newly installed, fully coded fire alarm system ensures safety. The property also includes a fully operational bar, generating over $56K in net income, complete 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!
Exterior Features

Construction Materials Frame Foundation Details Stone Frontage Length 50 Levels Three Or More Parking Total 0

Interior Features

Basement Full Basement YN Yes Furnished Unfurnished Heating Forced Air Gas Hot Water Heating YN Yes

Property Features

Business Type Bar Tavern Lounge Mixed Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping High Traffic Location Street Lights Sidewalks Human Modified YN Yes Land Lease YN No New Construction YN No Possible Use Multi Family Mixed Use Property Sub Type Commercial Road Surface Type Asphalt Concrete Paved Security Features Security System Owned Fire Alarm Smoke Detectors Building Security Security Service Sewer Connected Public Sewer Tax Annual Amount 5216 Tax Assessed Value 261500 Tax Lot 310 Tax Year 2022 Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Sewer Connected Water Source Connected Public Zoning M-1

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Coldwell Banker Realty: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. 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. Data last updated: 2024-06-23T11:37:47.543.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886