Address
7 Elm Street, Central Falls, RI
Price
$ 675,000
Property Attributes
  • MLS#1359551
  • TypePending
  • CountyPROVIDENCE
  • CityCentral Falls
  • Zip02863
  • StyleMultiFamily
  • Year Built1920
  • Taxes$ 6799
  • Price$ 675,000
  • Bedrooms11
  • Full Bathrooms4
  • Half Bathrooms2
  • Sqr Footage3040
  • Lot Size0.22 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property 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. 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!

Price History
5/20/2024 Listed $675,000

General Features

Sewer Connected
Heating Baseboard,Gas
Cooling None
Utilities SewerConnected
Possession Negotiable
Appliances GasWaterHeater
Garage Spaces 0.0
Construction Materials AluminumSiding
Year Built 1920
Electric CircuitBreakers
Property SubType MultiFamily
Tax Year 2023
County Providence
Operating Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Total Rooms 15
Status Pending
City Central Falls
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 4
Lot Size Units SquareFeet
Lot Size Square Feet 9583.0
Waterfront Y/N No
Carport Y/N No
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6799.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://tour.RiLiving.com/7-Elm-ST-Central-Falls-RI-02863
Days on Market 9
Structure Type Apartment
Standard Status Pending
Tax Assessed Value 366500
Tax Lot 079
MobileHomeRemainsYN No

Interior Features

Basement Full,InteriorEntry,Unfinished
Flooring Hardwood,Laminate
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 3040.0
Full Baths 4
Half Baths 2
Total Bedrooms 11
Electric On Property Y/N No
LivingAreaSource Owner
Total Baths 6

Exterior Features

Parking Features NoGarage
Water Source Connected
Total Parking 8.0
Lot Size Area 9583.0
Number of Buildings 1
Spa No
Building Area Total 3040.0
Lot Size Acres 0.22
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 02863

Price
AVG $490K
$680K
Taxes
AVG $6,444
$6,799
Visits
AVG 319
67
Data Provided by Inside Real Estate®
Year Built
AVG 1907
1920

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