RI > Central Falls
Central Falls, RI 02863,200 Cross
Central Falls, RI 02863,200 Cross
Central Falls, RI 02863,200 Cross
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$750,000
Est. payment /mo
4,791 Sqft Lot
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UPDATED:

10/10/2024 12:53 PM

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 73285312

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

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.

Location

State RI

County Providence

Zoning M-1

Direction Dexter to cross

Exterior

Utilities Available Public Water, Public Sewer, 110 Volts

Waterfront false

Roof Type Shingle

Others

Senior Community false

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Listed by Coldwell Banker Realty
agent-avatar

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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