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364 High St
Central Falls, RI 02863
Multifamily Property For Sale · 6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 6,000 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1900/2015 |
| Lot Size | 0.47 AC | Parking Ratio | 2/1,000 SF |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.47 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2015 |
| Parking Ratio | 2/1,000 SF |
About 364 High St , Central Falls, RI 02863
10% Cap Rate, $83,000 in annual gross rents, and cash flow after mortgage estimated at nearly $24,000! (see attached profit and loss for details). Six total units plus a detached 2-car garage on one parcel. One two-family home and one four-family home comprise the 6 units. Very large apartments (some with 2 baths). The 2-family consists of 1 3-bedroom apartment and 1 4-bedroom apartment with 2 baths. Both apartments boast double parlors. The 4-family consists of 2 2-bedroom units and 2 3-bedroom units. One of the 3-bed units has 2 baths. Tenants pay their own utilities. The property is fire coded with hardwired smokes and COs, and off-street parking for 12 cars or more. Potential for additional rent by renting the garage which needs some work. Large, secluded lot very close to the Pawtucket line. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300,000 in annual gross rents. See MLS numbers 1244394 (123 Warren Ave, East Providence) and 1244414 (60 East Transit St, Providence) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $1,600 | 1,300 |
| 3+1 | 3 | $1,163 | 800 - 1,200 |
| 2+1 | 2 | $862.50 | 700 - 1,000 |
PROPERTY TAXES
| Parcel Number | CENT-000001-000000-000027 | Improvements Assessment | $405,100 |
| Land Assessment | $104,400 | Total Assessment | $509,500 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 |
| R-3 |
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