116 Foundry ST Active Save Request In-Person Tour Request Virtual Tour
Central Falls,RI 02863
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,410 sqft
Price per Sqft $175
MLS Listing ID 1389308
Bedrooms 10
Full Baths 6
Year Built 1900
Annual Tax Amount $8,036
Tax Year 2025
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
New Everything. NOI over $110K+, Cap Rate over 11%, 5 Total Units, $11,225 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
State RI
County Providence
Zoning R-3
Interior
Heating Gas
Cooling None
Flooring Vinyl
Fireplaces Type None
Inclusions FIVE LEGAL UNITS. (1) 4 family, and (1) Stand-alone single-family home in the backyard is a 2 bed/2 bath and is currently rented as an AIRBNB. There are
Laundry Common Area
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Connected,Public
Structure Type Drywall,Vinyl Siding
New Construction No