REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Sep

Fri

Sep

Sat

Sep

Roults Jean-Francois

jeanfrancoisgroupmgt@gmail.com +1(401) 316-9458

$ 949,000

Est. payment -/mo

Save

Price Dropped by $50K

116 Foundry ST Central Falls, RI 02863

10 Beds

6 Baths

5,410 SqFt

UPDATED:

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

HOA Y/N No

Abv Grd Liv Area 5,410

Year Built 1900

Annual Tax Amount $8,036

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.1148

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

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Interior Steps, Stall Shower, Tub Shower

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

Fireplace No

Appliance Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer

Laundry Common Area

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks

Total Parking Spaces 6

Garage No

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Connected, Public

Structure Type Drywall,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 116FOUNDRYSTCFLS

Listed by Smith and Oak Real Estate Co.

Roults Jean-Francois

Agent | res.res.0042995

+1(401) 316-9458

GET MORE INFORMATION

QUICK SEARCH