




Listed By Smith And Oak Real Estate Co.
The Commercial Property for Sale located at 116 Foundry Street, Central Falls, Rhode Island 02863 is currently for sale. 116 Foundry Street, Central Falls, Rhode Island 02863 is listed for $949,000.
$949,000 USD
Commercial for Sale, 116 Foundry Street, Central Falls, Rhode Island 02863
- MLS#1389358
- Minimum sellable space
384 m² (4,130 ft²)
Property features
Property
- Property size:
384 m² (4,130 ft²) - Features: Basement
Lot/Land
- Land/Lot size:
465 m² (5,000 ft²)
Construction
- Year built: 1900
Heating and Cooling
- Heating system: BaseboardGas
Description
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.
Location
116 Foundry Street, Central Falls, Rhode Island 02863