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198-200 Cross St Central Falls, RI 02863
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Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,296 sqft
Price per Sqft $132
MLS Listing ID 73315584
Sold Date 02/05/25
HOA Y/N false
Year Built 1900
Annual Tax Amount $5,620
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Nestled in the city's heart lies a remarkable investment treasure. Each of these five residential spaces 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
Direction dexter to cross
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts
Roof Type Rubber
Others
Senior Community false
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Bought with Alexander Parmenidez • Coldwell Banker Realty