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200 Cross Street, Central Falls, RI 02863

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For Sale
Sale Pending

$750,000

5,296 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $141.62
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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, this location drives high rental demand. Some deferred maintenance on the exterior presents a value-add opportunity for investors looking to increase property value. With a DSCR of 1.66 and a 16.68% ROI, this asset promises significant upside. Profit and loss statements are available upon request for serious buyers. Don t miss this opportunity to acquire a high-performing property with substantial growth potential.
MLS# 1366864

Courtesy Of Coldwell Banker Res. Brokerage

(401) 351-2017

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Security System, Security System
  • Architecture Style
    Other
  • Heating System
    Forced Air

Map and Directions

Directions to 200 Cross Street, Central Falls, RI 02863

Home seller CENTURY 21 The Seyboth Team

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 The Seyboth Team

(401) 477-0124
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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