198 Cross Street

Central Falls, RI 02863

$849,900
Price
9
Beds
5
Baths
2
1/2 Baths
5,293 Sq. Ft.
$161 / Sq. Ft.
5,293
Sq. Ft.
$161
per Sq. Ft.

Description

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...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 8.5%. 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. Essential equipment and furniture stand at the ready. Location is paramount, and this property doesn't disappoint. Proximity to downtown, effortless access to I-95, and closeness to the Pawtucket/Central Falls Station mark it as an investment hotspot. Moreover, critical destinations like Providence and Boston are within comfortable reach. In essence, this mixed-use edifice is a rare blend of residential elegance and commercial opportunity, inviting discerning investors to harness its immense potential.
  1. Listed by Alexander Parmenidez • Coldwell Banker Realty
    P: 401-256-7925 myhome@alexparmenidez.realtor

Property Details for 198 Cross Street

Subdivision Name
Central Falls Train Station

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 02/24/2024 12:21 AM

Property Details for 198 Cross Street

StatusActive
MLS #1351322
Days on Market95
Taxes$5,216 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.11 AC / 5,000 SF
CountyProvidence County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 198 Cross Street

Stories3Residences3Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$5,073 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,638

Property Taxes

$435

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 198 Cross Street

Summary
Location and General Information
  • City: Central Falls
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Postal City: Central Falls
  • Postal Code: 02863
  • Postal Code Plus4: 2688
  • State Or Province: RI
  • Zoning: M-1
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $5,216.00
  • Tax Assessed Value: 261500
  • Tax Block: 0
  • Tax Lot: 310
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Building Area Total: 5293.0
  • Frontage Length: 50
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1148
  • Lot Size Area: 5000.0
  • Lot Size Square Feet: 5000.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 198200CROSSSTCFLS
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 3,457,950,403
Utilities
  • Electric: Item100Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 5
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 9
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Heating: Forced Air, Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $4,550.00
  • Description: 4 Units 2Beds 1Bt Each
  • Unit Type Area: 3328.0
  • Baths Total: 4
  • Beds Total: 8
  • Num of Full Baths: 4
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,000.00
  • Description: 1Unit 1Beds 1Bt
  • Type: Item1Bedroom
  • Occupant Type: Vacant
  • Unit Type Area: 800.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $4,000.00
  • Description: Bar
  • Unit Type Area: 1168.0
  • Baths Total: 2
  • Beds Total: 0
  • Num of Full Baths: 0
  • Num of Half Baths: 2
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 198 Cross Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Cross Street

Taxable ValueLand$103,500Additions$158,000Total$261,500
Tax Record2021$5,170 ($431 / month)
Home Facts
Baths7Total Finished SqFt5,296 SqFtAbove Grade Finished SqFt5,296 SqFtUnfinished Basement SqFt1,664 SqFtStories3Lot Size5,001 SqFtStyleOffice BuildingYear Built1900ZoningM-1CountyPROVIDENCEAPNCENT M:06 P:310

Schools near 198 Cross Street

This home is within Central Falls School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Veterans Memorial Elementary School
PublicK to 4

Calcutt Middle School
Public5 to 8

Central Falls Sr High School
Public9 to 12

Alan Shawn Feinstein School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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198 Cross Street is a multi-family home for sale in Central Falls, RI 02863. This property was listed for sale on January 24, 2024 by Coldwell Banker Realty, it's currently listed at $849,900. It has been on the market for a total of 95 days and was last sold on November 29, 2022. This listing's school district is Central Falls School District. Nearby schools include Veterans Memorial Elementary School, Calcutt Middle School and Central Falls Sr High School. 198 Cross Street is a 9-bed, 6-bath, 5,293 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.