116 Foundry Street Central Falls

$899,000
10 6 5,410 sq ft

The Property

New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft.

currently rented at $3000 per month. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don’t let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.

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Listing Details

MLS Number

1389308

Lot Size:

0.11 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Gas Connected
  • Heating Fuel: Natural Gas, Gas Connected
  • Laundry
  • Sidewalks
  • Year Built: 1900

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Market Trends for Single Family Homes
in Central Falls

  • Overview
    Homes for Sale Today9-88.8% decrease in inventory
    New on Market *5-16.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$218.26$13 increase in List Price/Sq.Ft.
    Avg. Sale Price *$574,000$56,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *102.42%3.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$214.99$21 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7932 decrease 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 Smith And Oak Real Estate Co.

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