$700,000
$735,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
200 Cross ST Central Falls, RI 02863
5,293 SqFt
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,293 sqft
Price per Sqft $132
MLS Listing ID 1373300
Sold Date 02/05/25
HOA Y/N No
Abv Grd Liv Area 5,293
Year Built 1900
Annual Tax Amount $5,620
Tax Year 2024
Lot Size 4,792 Sqft
Property Sub-Type Commercial
Property Description
Nestled in the city's heart lies a remarkable investment treasure. Each of these six units radiates meticulous care, featuring two ample bedrooms adorned with fresh paint, refinished flooring, a cutting-edge Navien 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%. 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. This is a prime opportunity to own a well-maintained multi-unit property in a high-demand location perfect for investors seeking long-term value and strong rental potential.
Location
State RI
County Providence
Zoning M-1
Rooms
Basement Full
Interior
Heating Forced Air, Gas, Hot Water
Cooling Window Unit(s)
Furnishings Unfurnished
Exterior
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Connected
Street Surface Asphalt,Concrete,Paved
Building
Story 3
Foundation Stone
Sewer Connected, Public Sewer
Water Connected, Public
Level or Stories 3
Structure Type Frame
New Construction No
Others
Tax ID 200CROSSSTCFLS
Security Features Security System Owned,Fire Alarm,Smoke Detector(s),Building Security,Security Service
Financing Cash
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Bought with Coldwell Banker Realty