203 Hunt Street Central Falls, RI $ 950,000
203 Hunt Street
$ 950,000
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203 Hunt Street

Central Falls, RI, 02863
$ 950,000
Baths0.0

Monthly Estimate*

$ 5,690

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Studio

Commercial Property for sale in Central Falls, RI

for $950,000. This building was built in 1920 on a lot size of 0.225895.

Welcome to this exceptional investment opportunity, featuring a well-maintained residential building with 8 spacious one-bedroom units. Each unit offers comfortable living spaces, making them highly desirable for tenants. The property boasts durable vinyl siding and roofs, both of which were updated 12 years ago, ensuring low maintenance and long-term durability. In addition to the residential units, the property includes a large garage, currently not rented. This presents an excellent opportunity to generate additional rental income or utilize the space for various purposes. Furthermore, there is a potential area within the property to create a 9th unit, perfect for a studio apartment, adding even more value to this investment. This property is an ideal 1031 exchange project, offering significant opportunities for a buy-and-hold strategy or a value-add project. With its solid structure and potential for increased revenue, this is a prime investment for savvy investors looking to expand their portfolio.

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Commercial Pending

Price

$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,758

Style

Commercial

Lot Size

0.225895

Year Built

1920

Town/City

Central Falls

County/Region

Providence

MLS | Web ID

1362366

Features
General
Sewer Connected
Heating Baseboard HotWater
Cooling None
Utilities NaturalGasAvailable NaturalGasConnected MunicipalUtilities WaterConnected SewerConnected
Possession CloseThrough45Days
Zoning R
Security Features FireAlarm FireSprinklerSystem
Construction Materials Frame
Year Built 1920
Electric Item100AmpService
Stories 2
Levels Two
Property SubType Commercial
Tax Year 2024
Gross Income 101400.0
Business Type RealEstate
Community Features PublicTransportation Sidewalks
County Providence
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Possible Use Residential
Garage Y/N N
Status Pending
City Central Falls
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 8
Lot Size Units SquareFeet
Lot Size Square Feet 9840.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 7
Land Lease Y/N N
Tax Annual Amount 12758.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/203-205-Hunt-ST-Central-Falls-RI-02863
Days on Market 18
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 687500
Tax Lot 68
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Interior
Basement Full
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 0.0
Laundry Features CommonArea
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 10.0
Lot Size Area 9840.0
Foundation Details ConcretePerimeter
Number of Buildings 2
Spa N
Building Area Total 0.0
Road Surface Type Concrete Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 203
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* Excluded Features
List By
Real Broker, Llc

Broker

brendan@duckworthhomes.com

Email

Affordability Calculator

$6,753
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,690
Monthly Property Taxes
$1,063
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2024$950,000 Listed Price

Map


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203 Hunt Street, Central Falls, RI, 02863 is a Commercial Property for sale at $950,000 with a lot size of 0.225895. 203 Hunt Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 02863 which is in Central Falls, RI