Central Falls Real Estate

Central Falls Real Estate

Located in the state of Rhode Island and within Providence County, Central Falls is a vibrant and diverse city that offers a unique living experience. With a rich history and a strong sense of community, Central Falls has become an attractive destination for both residents and visitors alike.

Central Falls is known for its convenient location, situated just a short drive away from major cities such as Providence and Boston. This allows residents to enjoy the benefits of a smaller community while still having easy access to urban amenities and employment opportunities.

The city boasts a variety of housing options, ranging from historic homes with charming architecture to modern apartments and condominiums. Whether you are looking for a cozy single-family home or a trendy loft, Central Falls has something to suit every taste and budget.

In addition to its housing options, Central Falls offers a range of amenities and recreational activities. The city is home to several parks and green spaces, providing residents with opportunities for outdoor activities such as jogging, picnicking, and sports. The local community center also offers various programs and events for residents of all ages to enjoy.

Central Falls is also known for its diverse culinary scene, with a wide range of restaurants and cafes offering delicious cuisine from around the world. From traditional Italian dishes to flavorful Latin American fare, there is something to satisfy every palate.

With its convenient location, diverse housing options, and vibrant community, Central Falls is an ideal place to call home. Whether you are a young professional, a growing family, or a retiree looking for a peaceful retreat, Central Falls has something for everyone.

Newest Listings in Central Falls

$750,000
This property is a prime investment opportunity with a strong 10.5% cap rate, ideal for investors seeking high returns. It features six units on a single lot, including five well-maintained residential units with two bedrooms each, updated bathrooms, refinished flooring, and efficient Navien heating systems. All units are rented month-to-month, providing flexibility to adjust rents and maximize returns. Rents include heat and hot water, ensuring high occupancy due to strong demand, particularly given the property's proximity to the Pawtucket/Central Falls Station. A fully operational bar generates over $56K in net income annually and comes equipped with all licenses, inventory, furnishings, and a robust security system. This business has proven income potential with room for growth. The property also offers potential for expansion at the back for additional parking, further enhancing its value. With easy access to downtown, I-95, and major transport links to Providence and Boston, this location drives high rental demand. Some deferred maintenance on the exterior presents a value-add opportunity for investors looking to increase property value. With a DSCR of 1.66 and a 16.68% ROI, this asset promises significant upside. Profit and loss statements are available upon request for serious buyers. Don't miss this opportunity to acquire a high-performing property with substantial growth potential.

200 Cross Street, Central Falls

Listing courtesy of Coldwell Banker Realty. Contact:

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