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$849,900
34 Days Online

198 Cross Street
Central Falls, RI 02863

For Sale|Multi-Family|Active
Subdivision:
Central Falls Train Station
County:
Providence
Listing courtesy of Alexander Parmenidez of Coldwell Banker Realty 401-351-2017
Call Now: (401) 426-4778
Is this the home for you? We can help make it yours.
(401) 426-4778
198 Cross Street198 Cross Street198 Cross Street198 Cross Street
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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 8.5%. 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. Essential equipment and furniture stand at the ready. Location is paramount, and this property doesn't disappoint. Proximity to downtown, effortless access to I-95, and closeness to the Pawtucket/Central Falls Station mark it as an investment hotspot. Moreover, critical destinations like Providence and Boston are within comfortable reach. In essence, this mixed-use edifice is a rare blend of residential elegance and commercial opportunity, inviting discerning investors to harness its immense potential.

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Listing Snapshot
Price 
$849,900
Days Online 
34 Days
Bedrooms 
9
Inside Area (SqFt) 
5,293 sqft
Total Baths 
7
Full Baths 
5
Partial Baths 
2
Lot Size 
0.1148 Acres
Year Built 
1900
MLS Number 
1351322
Status 
Active
Property Tax 
$5,216
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS
2 weeks agoPrice changed to $849,900
a month agoListing first seen online
General Features
Construction 
PlasterBrickVinyl Siding
Parking 
No Garage
Parking Spaces 
0
Sewer 
Public Sewer
Electric 
100 Amp Service
Basement 
FullInterior EntryUnfinished
Number of Stories 
3
Acreage 
0.1148
Water 
Public
Property Sub Type 
Multi Family
Garage Spaces 
0
Utilities 
Sewer Connected
Foundation 
Stone
Zoning 
M-1
Interior Features
Cooling 
Window Units
Heating 
Forced AirGasHot Water
Flooring 
Ceramic TileHardwoodLaminate
Interior 
Tub Shower
Fireplaces 
0
Fireplace 
No
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Community Features
Community Features 
Highway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaRestaurantShoppingSidewalks
Senior Community 
No
Listing courtesy of Alexander Parmenidez of Coldwell Banker Realty 401-351-2017



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, State-Wide MLS of Rhode Island, Inc.
Data last updated at: 2024-02-27 07:50 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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