Central Falls, RI 02863,198-200 Cross St
Central Falls, RI 02863,198-200 Cross St
Central Falls, RI 02863,198-200 Cross St
24
$700,000
$735,000
4.8%
Est.Price: ?

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5,296 SqFt

198-200 Cross St Central Falls, RI 02863

Est. payment /mo
SOLD DATE : 02/05/2025

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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

Year Built 1900

Annual Tax Amount $5,620

Tax Year 2024

Lot Size 4,791 Sqft

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

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts

Roof Type Rubber

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Listed by Coldwell Banker Realty
Bought with Alexander Parmenidez • Coldwell Banker Realty

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Matt Innis

Matt Innis

Agent

+1(508) 572-8335

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