116 Foundry, Central Falls, RI, 02863

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.

Residential Income
$899,000
Location
City/TownCentral Falls
CountyProvidence
Community FeaturesBus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping
Interior
Living Area5,410 sq. ft.
Rooms16
HeatingNatural Gas, Gas Connected
CoolingNone
Interior FeaturesWall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
Additional Information
Tax Assessment$608,400
ZoningR-3
Exterior
Acreage0.1148
Listed By: Smith And Oak Real Estate Co.

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