Price Reduced 10.10%
Price History
$999,990
7/7/2025
$949,000
9/18/2025
$899,000
10/28/2025
116 Foundry Street, Central Falls, RI, 02863
16 rooms
10 beds
6 Full baths
1900
Stacked
New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 gross monthly rent. (1) Single Family with 2BR/2BA across 850 +/- sq. ft. currently rented at $3000 per month. (1) 4-Unit building. Unit 1 is a 3BR/1BA across 1,140 +/- sq. ft. and is vacant [MARKET $2,800 p/month]. Unit 2 is the same layout, occupied [$2,500 p/month]. The third floor is split into (2) 1BR/1BA units, both currently occupied [3L: $1,375 p/month, 3R: $1,550 p/month]. Don't let this opportunity slip. Brand new: plumbing, electrical, insulated windows, roof* siding, 3 navien tankless heat/hot water, flooring, kitchens, bathrooms, smoke detectors, light and plumbing fixtures. *Back house has brand new roof (archetectural shingles), 4-unit has flat, rubber roof in great condition. Maintenance free investment is a great addition to your portfolio in a growing market. Inquire about transferable property management available at discounted rate.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
4
Zoning:
R-3
Garage:
No Garage
Heating:
Gas
Cooling:
None
Basement:
Full, Interior Entry, Unfinished
Parking:
6-car
Acreage:
0.11
Est. Taxes:
$8,036
Assessment
$608,400
Construction
Drywall,Vinyl Siding
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Days on Market:
146
Appliances:
Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer
MLS #:
1389308
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Smith and Oak Real Estate Co. 401-464-2617