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You are here:
$750,000
Type: Mixed Use
Lease Type N/A
SQFT: N/A
Restrooms: N/A
Parking: N/A
200 Cross
Central Falls, RI 02863

Property Description

This property is a prime investment opportunity with a strong 10.5% cap rate, ideal for investors seeking high returns. It features six units on a single lot, including five well-maintained residential units with two bedrooms each, updated bathrooms, refinished flooring, and efficient Navien heating systems. All units are rented month-to-month, providing flexibility to adjust rents and maximize returns. Rents include heat and hot water, ensuring high occupancy due to strong demand, particularly given the property's proximity to the Pawtucket/Central Falls Station. A fully operational bar generates over $56K in net income annually and comes equipped with all licenses, inventory, furnishings, and a robust security system. This business has proven income potential with room for growth. The property also offers potential for expansion at the back for additional parking, further enhancing its value. With easy access to downtown, I-95, and major transport links to Providence and Boston.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73285312

Construction & Utilities

  • Utilities: 110 Volts, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/10/2024Contingent$750,000MLSPIN
09/08/2024Active$750,000MLSPIN
09/04/2024New$750,000MLSPIN

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Map & Resources

Seller's Representative: Alexander Parmenidez, Coldwell Banker Realty
MLS ID#: 73285312

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-10 08:53:00