77 Fales St Central Falls, RI 02863
- Commercial real estate
- 4,599 SF
Current Use by Public Records
- Commercial real estate
Property Details for 77 Fales St
- Year built
- 1900
- Property size
- 4,599 SF
- Property type
- Commercial real estate
Description
This exceptional commercial land opportunity in Central Falls, Rhode Island, presents a compelling investment prospect. Located at 77 Fales Street, this 4,792 square foot lot features a three-story, 1900-built building encompassing 4,599 square feet. The property currently houses five rental units: four two-bedroom units and one four-bedroom unit, all situated on the first floor. Recent updates include a new roof, windows, vinyl siding, heating systems, and electrical work, ensuring the building is in excellent condition. Each unit benefits from off-street parking (one space per unit) and separate utilities. While current rents are below market value, the long-term, consistent tenancy provides a stable income stream with significant upside potential for future rent increases. Additional features include a coin-operated laundry facility and tenant storage in the basement, adding to the property's appeal and income generation. This turnkey property offers a rare blend of immediate income and long-term growth potential in a desirable location. The property is zoned for commercial use and presents a strong opportunity for investors seeking a stable, cash-flowing asset with room for appreciation. The address is 77 Fales Street, Central Falls, RI 02863. This is a truly exceptional opportunity in the thriving Providence County market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.389506
- Latitude
- 41.8888759
