CCertihomes
1101 Lonsdale, Central Falls, RI 02863

$589,900

6 beds 5 baths Built 1900Active

About this home

Remarkable opportunity to own in up and coming area within Central Falls on the Lincoln line. Prime investment opportunity: 5- Unit Multifamily gem in Central Falls! Come take a look at this full functioning 5 unit property comprised of four 1-bed 1-bath units, and one 2-bed 1-bath all within three floors. The building provides spacious living space that has been well maintained by property management to ensure tenant and buyer satisfaction, along with the recent replacement of the roof is an additional update to the buildings infrastructure . There is also a convenient 1 car garage/storage area for owner or tenant use. Behind the property you will find a decent backyard area for outdoor activity use for all tenants, and plenty of parking on the side of the building as well. Whether you're an experienced investor or entering the market, this is the opportunity for financial growth. Schedule a viewing today!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$6,151/mo

Real estate (PITI + HOA + PMI)
$5,041
Principal + interest$3,800
Property tax + insurance$1,020
PMI / 2nd mortgage$221
Utilities
$2,172
Heating + cooling$933
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$150
Car insurance + maintenance$150
Other (entertainment)
$140
$6,151/mo TLC
Budget$6,651/mo
Remaining after TLC$500/mo
Purchase price
$589,900
Down payment
$29,495 (5%)
Loan amount
$560,405
APR
7.19%

Quick facts

Type
Rental
Style
Year built
1900
Lot size
0.0918 ac
Stories
0
Heating
Natural Gas, Baseboard
Cooling
None
Water
Connected
HOA
Annual tax
$3,752
MLS #
1357656
County
Providence

At a glance

Basement

Home features

Parking
No Garage
Flooring
Ceramic Tile, Hardwood
Sewer
Connected

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

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RI & State Wide MLS

Listing information last refreshed 4/25/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

1101 Lonsdale · Central Falls — $589,900 · Certihomes