200 Cross St - Apartments FOR SALE


Central Falls, RI 02863
$735,000 USD
401-256-7925
200 Cross St, Central Falls, RI for Sale
$735,000 USD
Apartments - FOR SALE
1/32
null | 10.71% Cap Rate

200 Cross St
Central Falls, RI 02863


OVERVIEW

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, 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 primary transport links to Providence and Boston, this location drives high rental demand. Some deferred maintenance on the exterior presents a value-added 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.

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

6

PRICE/UNIT

$122,500

CAP RATE

10.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

200 Cross St, Central Falls, RI 02863-2688

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

M-1

APN/PARCEL ID

CENT-000006-000000-000310

ASK ABOUT THIS PROPERTY

Alexander ParmenidezColdwell Banker RealtyMore Info
401-256-7925

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Alexander ParmenidezColdwell Banker RealtyMore Info
401-256-7925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.