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
1900
Tri-Level
New Everything. NOI over $100K+, Cap Rate over 10%, 5 Total Units, $10,825 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:
Commercial
Laundry Remarks:
Common Area
Units:
5
Zoning:
R-3
Heating:
Baseboard, Gas
Cooling:
None
Basement:
Full
Parking:
6-car
Acreage:
0.11
Est. Taxes:
$8,036
Assessment
$608,400
Permitted Use
Residential
Utilities
Electricity Available,Natural Gas Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
127
MLS #:
1389358
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Smith and Oak Real Estate Co. 401-464-2617