116 Foundry Street, Central Falls, Rhode Island 02863
Listed By Smith And Oak Real Estate Co.
The Apartment for Sale located at Central Falls, Rhode Island 02863 is currently for sale. Central Falls, Rhode Island 02863 is listed for $999,990. This property has 10 bedrooms, 6 bathrooms features. If the property located at Central Falls, Rhode Island 02863 isn't what you're looking for, visit https://www.rilivingglobal.com to see other Apartments for Sale in Central Falls .
Date Updated : Jul 8, 2025
MLS#: 1389308
$999,990 USD
- TypeApartment
- Bedrooms10
- Bathrooms6
- Home/Lot size
503 m² (5,410 ft²)
Property features
Construction details
- Year built: 1900
Other features
- Property features: Laundry Area In Basement Basement Garage
- Appliances: Gas Water Heater Oven / Range Washer Microwave Refrigerator Dryer Dishwasher
- Heating system: Natural Gas Gas
Area
- Property size:
503 m² (5,410 ft²) - Land/Lot size:
465 m² (5,000 ft²) - Bedrooms: 10
- Bathrooms: 6
- Total rooms: 16
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 as an AirBnb [after expenses, this unit nets $2,600 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
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.