198 Cross Street Central Falls, RI 02863
Listing Courtesy of: RHODE ISLAND / Providence / Alexander Parmenidez

  198 Cross Street Central Falls, RI 02863

Active (102 Days)
$849,900
9
BED
7
BATH
5,293
SQFT

Description

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.

MLS #:
1351322
Taxes
$5,216(2022)
Lot Size
5,000 SQFT
Type
Multifamily
Year Built
1900
County
Providence County
Community
Central Falls Train Station

Listed By

Alexander Parmenidez, Providence
Source
RHODE ISLAND
Last checked May 5 2024 at 6:03 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
  • Half Bathrooms: 2
Interior Features
  • Laundry: Off Site
  • Insulation: Unknown
  • Plumbing: Mixed
  • Plaster
  • Walls: Dry Wall
  • Stairs
Subdivision
  • Central Falls Train Station
Lot Information
  • Sidewalks
Property Features
  • Fireplace: 0
  • Foundation: Stone
Heating and Cooling
  • Gas Connected
  • Forced Water
  • Forced Air
  • Natural Gas
  • Window Unit(s)
Basement Information
  • Utility
  • Storage Space
  • Unfinished
  • Interior Only
  • Full
Flooring
  • Laminate
  • Hardwood
  • Ceramic Tile
Utility Information
  • Sewer: Public Connected, Connected
Parking
  • No Garage
Stories
  • 3
Additional Listing Info
  • Buyer Brokerage Commission: 2%
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 12, 2024
Price Changed
$849,900
-6%
-50,100
Jan 24, 2024
Original Price
$900,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved. 5/5/24 11:03