CCertihomes
198-200 Cross Street, Central Falls, RI 02863

$849,900

0 beds 0 baths 5,296 sqft Built 1900Active

About this home

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 9.6%. 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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,807/mo

Real estate (PITI + HOA + PMI)
$5,589
Principal + interest$3,855
Property tax + insurance$1,415
PMI / 2nd mortgage$319
Utilities
$2,584
Heating + cooling$1,139
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$150
Car insurance + maintenance$150
Other (entertainment)
$140
$6,807/mo TLC
Budget$7,307/mo
Remaining after TLC$500/mo
Purchase price
$849,900
Down payment
$42,495 (5%)
Loan amount
$807,405
APR
4%

Quick facts

Type
COM
Style
Year built
1900
Lot size
0.11 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$5,216
MLS #
73176766
County
Providence

Home features

Roof
Rubber

Neighborhood — 02863

MetricThis ZIPCountyUSA
Population14,4291,095,423299,088,112
Population Change Since199014.00%9.00%20.00%
Population Density11,248994
Male7,273529,266147,432,321
Female7,156566,157151,655,844
Never Married3,779266,40463,775,926
Married4,405435,678123,120,365
Separated1,07243,64212,639,686
Widowed82066,66815,467,586
Divorced1,09683,84323,075,029
Number Of House Hold5,003410,399111,826,380
Average House Hold Size2.772.562.60
Medial Age30.8637.2735.46
Median House Hold Income$31,213$47,553$48,276
Average House Hold Income$36,369$61,609$63,629
P C I$13,713$23,965$24,529
M D I$27,915$40,634$41,133
A T H E$35,707$49,940$50,898
S T R7.00%7.00%
W C J71.01%78.02%77.74%
(Zip) Code
2863

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 11/2/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.