7 Elm Street

Central Falls, RI 02863

$675,000
Price
11
Beds
4
Baths
2
1/2 Baths
3,040 Sq. Ft.
$222 / Sq. Ft.
3,040
Sq. Ft.
$222
per Sq. Ft.

Description

Welcome to this versatile 4-family home in Central Falls, Rhode Island. A prime investment opportunity with consistent occupancy. Each of the four units offers approximately 760 square feet of living space, catering to diverse needs with varying bedroom and bathroom counts. This flexibility makes the property ideal for couples, individuals, and families of all sizes. All units are currently occupied on a month-to-month basis, ensuring steady rental income and offering potential for future lease adjustments....Welcome to this versatile 4-family home in Central Falls, Rhode Island. A prime investment opportunity with consistent occupancy. Each of the four units offers approximately 760 square feet of living space, catering to diverse needs with varying bedroom and bathroom counts. This flexibility makes the property ideal for couples, individuals, and families of all sizes. All units are currently occupied on a month-to-month basis, ensuring steady rental income and offering potential for future lease adjustments. The property features the convenience of off-street parking, a rare find in the area, providing added value for tenants. Situated close to major highways and local amenities, this location ensures easy access to schools, shopping, dining, and entertainment options, enhancing the appeal for current and prospective tenants. Don't miss out on this fantastic investment in Central Falls, offering both stability and growth potential!
  1. Listed by Kyle Seyboth • Century 21 The Seyboth Team
    P: 508-726-3492 kyle@seybothteam.com

Amenities

  • Baseboard Heating
  • Basement
  • Full Basement
  • Gas Heat
  • Hardwood Floors
  • Hot Water Heating
  • Laminate Floors
  • Off-Street Parking

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute
LISTING UPDATED: 05/29/2024 11:42 AM

Property Details for 7 Elm Street

StatusPending
MLS #1359551
Days on Market9
Taxes$6,799 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.22 AC / 9,583 SF
CountyProvidence County

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute

Building Information for 7 Elm Street

Stories-Residences4Year Built1920Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$4,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$567

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Elm Street

Summary
Location and General Information
  • City: Central Falls
  • Postal City: Central Falls
  • Postal Code: 02863
  • State Or Province: RI
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 8
Taxes and HOA Information
  • Tax Annual Amount: $6,799.00
  • Tax Assessed Value: 366500
  • Tax Lot: 079
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3040.0
  • Building Area Total: 3040.0
  • Living Area Source: Owner
  • Lot Size Acres: 0.22
  • Lot Size Area: 9583.0
  • Lot Size Square Feet: 9583.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 7ELMSTCFLS
  • Stories Total: 0
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1920
  • C L I P: 7,346,799,130
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 11
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Laminate
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,450.00
  • Description: 2nd Floor Right Side
  • Unit Type Area: 760.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 2 Information
  • Actual Rent: $1,450.00
  • Description: 2nd Floor Left Side
  • Unit Type Area: 760.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 3 Information
  • Actual Rent: $950.00
  • Description: 1st Floor Right Side
  • Unit Type Area: 760.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,250.00
  • Description: 1st Floor Left Side
  • Unit Type Area: 760.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 7 Elm 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 7 Elm Street

Taxable ValueLand$111,700Additions$254,800Total$366,500
Tax Record2023$6,799 ($567 / month)
Home Facts
Baths4Total Finished SqFt3,038 SqFtAbove Grade Finished SqFt3,038 SqFtUnfinished Basement SqFt1,519 SqFtStories3Lot Size9,535 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningR-3CountyPROVIDENCEAPNCENT M:01 P:79

Schools near 7 Elm Street

This home is within Central Falls School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 1 to 5
Public - K to 4
Rating
School
Distance
Calcutt Middle School
Public5 to 8

Central Falls Sr High School
Public9 to 12

Alan Shawn Feinstein School
Public1 to 5

Veterans Memorial Elementary School
PublicK to 4

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.

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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 Century 21 The Seyboth Team

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.