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

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 #:
1351332
Taxes
$5,216(2022)
Lot Size
5,000 SQFT
Type
Commerical
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 4:35 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Off Site
  • Ceiling Height: 7-9 Ft
Subdivision
  • Central Falls Train Station
Lot Information
  • Security
  • Paved
  • Urban
Property Features
  • Foundation: Stone
Heating and Cooling
  • Forced Water
  • Gas Connected
  • Forced Air
Basement Information
  • Full
Utility Information
  • Utilities: Gas, Street Lights, Electricity Connected, Cable Connected
  • Sewer: Connected, Public Connected
Stories
  • 3
Additional Listing Info
  • Buyer Brokerage Commission: 2%
Location
   
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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 09:35