79-81 Fales St - Apartments FOR SALE


Central Falls, RI 02863
$1,450,000 USD
617-793-7223
79-81 Fales St, Central Falls, RI for Sale
$1,450,000 USD
Apartments - FOR SALE
1/20
null | 7.04% Cap Rate

79-81 Fales St
Central Falls, RI 02863


HIGHLIGHTS

  • Value Add Potential
  • Recent Capital Improvements
  • High Rental Demand

OVERVIEW

11-unit value add opportunity in Central Falls. This property comprises two buildings: an eight-unit, four-story building where tenants cover electricity, heat, and hot water—except for 4 out of 8 units where heat is included—and a three-unit building where tenants are responsible for electricity and gas. Major capital improvements have been made to both buildings in the past year, including vinyl siding, upgraded electrical service, and new decks. Additionally, unit renovations feature new kitchen cabinets, vinyl flooring, many new windows, stainless steel appliances, and more. Located in a highly sought-after neighborhood with strong rental demand, the property is in close proximity to Massachusetts, less than a mile from I-95, Central Falls High School, and major transportation.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

11

PRICE/UNIT

$131,818

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-3

APN/PARCEL ID

CENT-000005-000000-000335

ASK ABOUT THIS PROPERTY

Jason RizkLongview Properties, LLCMore Info
617-793-7223

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Jason RizkLongview Properties, LLCMore Info
617-793-7223

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