116 Foundry St - Apartments FOR SALE


Central Falls, RI 02863
$999,990 USD
401-281-8491
116 Foundry St, Central Falls, RI for Sale
$999,990 USD
Apartments - FOR SALE
1/42
null | 10.1% Cap Rate

116 Foundry St
Central Falls, RI 02863


HIGHLIGHTS

  • Turn-Key Fully Renovated: Plumbing, Electric, Siding, Roofs, Kitchens, Bathrooms
  • High Cap Rate
  • Optional transferable reduced rate property management

OVERVIEW

Prime Investment opportunity-- NOI north of $100,000, Cap Rate 10%+, 5 Units, (2) 1BR/1BA, (1) 2BR/2BA SFH, (2) 3BR/1BA -- GMR: $10,825 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.

FOR SALE DETAILS

PRICE

$999,990 USD

PRICE/SF

$200 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,998

CAP RATE

10.1%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-3

APN/PARCEL ID

CENT-000005-000000-000347

ASK ABOUT THIS PROPERTY

Milissa LutzSmith and Oak Real Estate Co.More Info
401-281-8491

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Milissa LutzSmith and Oak Real Estate Co.More Info
401-281-8491

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.