198 Cross Street Central Falls, RI $ 849,900
198 Cross Street
$ 849,900
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198 Cross Street

Central Falls, RI, 02863
$ 849,900
Bedrooms9 Baths5.2 Sq 5,293

Monthly Estimate*

$ 5,937

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Multi-Family Home for sale in Central Falls, RI

for $849,900 with 9 bedrooms and 5 full baths, 2 half baths. This 5,293 square foot home was built in 1900 on a lot size of 0.1148.

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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Multi-Family Active

Price

$ 849,900

Bedrooms

9

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 5,216

Style

MultiFamily

Lot Size

0.1148

Year Built

1900

Town/City

Central Falls

County/Region

Providence

MLS | Web ID

1351322

Features
General
Interior Features TubShower
Sewer Connected PublicSewer
Heating ForcedAir Gas HotWater
Cooling WindowUnits
Utilities SewerConnected
Possession Negotiable
Zoning M-1
Garage Spaces 0.0
Construction Materials Drywall Plaster Brick VinylSiding
Year Built 1900
Electric Item100AmpService
Tenant Pays HotWater
Property SubType MultiFamily
Tax Year 2022
Community Features HighwayAccess NearHospital NearSchools PublicTransportation RecreationArea Restaurant Shopping Sidewalks
County Providence
Operating Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Central Falls Train Station
Garage Y/N N
Total Rooms 15
Status Active
City Central Falls
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 5000.0
Waterfront Y/N N
Carport Y/N N
Street Name Cross
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 5216.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://alexparmenidez.realtor/198-cross/
Days on Market 30
Standard Status Active
Tax Assessed Value 261500
Tax Lot 310
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Interior
Basement Full InteriorEntry Unfinished
Flooring CeramicTile Hardwood Laminate
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5293.0
Full Baths 5
Half Baths 2
Street Suffix Street
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 7
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Exterior
Parking Features NoGarage
Water Source Connected Public
Total Parking 0.0
Lot Size Area 5000.0
Foundation Details Stone
Number of Buildings 1
Spa N
Building Area Total 5293.0
Lot Size Acres 0.1148
Frontage Length 50
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 198
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* Excluded Features
List By
Coldwell Banker Realty

Broker

myhome@alexparmenidez.realtor

Email

Affordability Calculator

$6,371
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,937
Monthly Property Taxes
$435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/12/2024$849,900 -5.57% Price Down
1/24/2024$900,000 Listed Price

Map


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198 Cross Street, Central Falls, RI, 02863 is a Multi-Family Home for sale at $849,900 with 5,293 sqft and a lot size of 0.1148. 198 Cross Street has 9 bedrooms, 5.2 baths, and was built in 1900. The property's zip code is 02863 which is in Central Falls, RI