fbpx
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls
200 Cross Street, Central Falls

200 Cross Street Central Falls

$750,000
5,296 sq ft

Map View Street View

The Property

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, this location drives high rental demand. Some deferred maintenance on the exterior presents a value-add opportunity for investors looking to increase property value. With a DSCR of 1.66 and a 16.68% ROI, this asset promises significant upside. Profit and loss statements are available upon request for serious buyers. Don’t miss this opportunity to acquire a high-performing property with substantial growth potential.

Read more

Contact Associate

Listing Details

MLS Number

1366864

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Security
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Forced Air, Forced Water, Gas Connected
  • Heating Fuel: Forced Air, Forced Water, Gas Connected
  • Laundry
  • Paved
  • Security
  • Urban
  • Year Built: 1900

See more features

View More Photos

Market Trends for Commercial
in Central Falls

  • Overview
    Homes for Sale Today5-28.6% decrease in inventory
    New on Market *4100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$223.55$224 increase in List Price/Sq.Ft.
    Avg. Sale Price *$827,000$827,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *91.81%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *9292 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Coldwell Banker Realty

Similar Listings

40 - 42 Fletcher Street

Central Falls

$709,900
4,792 sq ft
Save to my properties

257 Hunt Street

Central Falls

$920,000
14,981 sq ft
Save to my properties

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!