fbpx

198 - 200 Cross Street Central Falls

$849,900
9 5.2 5,293 sq ft

The Property

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 8.5%. 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. Essential equipment and furniture stand at the ready. Location is paramount, and this property doesn’t disappoint. Proximity to downtown, effortless access to I-95, and closeness to the Pawtucket/Central Falls Station mark it as an investment hotspot. Moreover, critical destinations like Providence and Boston are within comfortable reach. In essence, this mixed-use edifice is a rare blend of residential elegance and commercial opportunity, inviting discerning investors to harness its immense potential.

Read more

Contact Associate

Listing Details

MLS Number

1351322

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Brick
  • Vinyl Siding
  • Heating: Forced Air, Forced Water, Gas Connected
  • Heating Fuel: Gas
  • Laundry
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1900

See more features

Market Trends for Multi Family Homes
in Central Falls

  • Overview
    Homes for Sale Today9-96.2% decrease in inventory
    New on Market *620% increase in new listings
    Avg. Asking Price/Sq.Ft. *$188.44$52 increase in List Price/Sq.Ft.
    Avg. Sale Price *$549,667$50,810 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *102.13%1.6% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$141.13$19 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5814 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

Exclusively From Us To You

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

Thank you for subscribing!