$899,000

116 Foundry Street, Central Falls, RI 02863

4,130 sqft

Commercial Property
Built in 1900
5,001sqft lot
—— car garage
$218/sqft
Listed 4 months ago

Property Description

New Everything. NOI over $100K+, Cap Rate over 10%, 5 Total Units, $10,825 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.

Listing Status:: Active
Date Added:: July 7, 2025 at 05:00AM
Listing Office:: Smith and Oak Real Estate Co. : 401-464-2617
MLS ID:: 1389358

Laundry: Common Area
Basement: Full
A/C: None
Heating: BaseboardGas

Style: Tri-Level
Parking: Parking spaces: 6

General: 4Brick/Mortar

Road/Access: City Street
Originating MLS: RIS_RIS
County: Providence

Zoning: R-3116FOUNDRYSTCFLS

Utilities: Electricity AvailableNatural Gas ConnectedCircuit Breakers
Water: ConnectedPublic
Sewer: Public Sewer

Source: RIS_RIS

This listing courtesy of Smith and Oak Real Estate Co.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Calcutt Middle School

112 Washington St, Central Falls, RI, 02863

Grades 5-8

0.17 miles away

Calcutt Middle School

112 Washington St, Central Falls, RI, 02863

Grades 5-8

0.17 miles away

Central Falls Sr High School

24 Summer St, Central Falls, RI, 02863

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.