Price Reduced 5.57%
198-200 Cross Street, Central Falls, RI, 02863
1900
5,296 sqft
A STONE AWAY FROM BOSTON!! ATTENTION ALL ENTREPRENEURS AND INVESTORS. Nestled in the city's heart lies a remarkable investment treasure: SIX UNITS on a single lot. Each of these five residential spaces radiates meticulous care, featuring two ample bedrooms adorned with fresh paint, refinished flooring, a cutting-edge Navient heating system, and modern bathrooms. Every unit is thoughtfully equipped with its distinct circuit breaker, seamlessly blending individuality and convenience. A newer, fully coded fire alarm system ensures the safety of all inhabitants, pointing to a promising cap rate of 9.6%. Further enhancing this property's allure is the FULLY OPERATIONAL BAR. This ready-to-use establishment boasts essential licenses, an extensive inventory, posh furniture, a television, and a robust security system. For visionaries dreaming of a thriving restaurant, bar, or lounge venture, this place is rife with promise.
Status:
Active
Type:
Commercial
Zoning:
M-1
Acreage:
0.11
Est. Taxes:
$5,216
Utilities
Public Water, Public Sewer, Natural Gas Available, 110 Volts
MLS #:
73176766
Buyer Agent Compensation:
2%%
Facilitator Compensation:
1%%
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Alexander Parmenidez, Coldwell Banker Realty Phone: 401-351-2017