77 Fales St Central Falls, RI 02863

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.