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203 Hunt ST Central Falls, RI 02863
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1362366
Sold Date 10/24/24
HOA Y/N No
Year Built 1920
Annual Tax Amount $12,758
Tax Year 2024
Lot Size 9,840 Sqft
Property Description
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.
Location
State RI
County Providence
Zoning R
Rooms
Basement Full
Interior
Heating Baseboard, Hot Water
Cooling None
Laundry Common Area
Exterior
Community Features Public Transportation, Sidewalks
Utilities Available Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Street Surface Concrete,Paved
Total Parking Spaces 10
Building
Story 2
Foundation Concrete Perimeter
Sewer Connected
Water Connected, Public
Level or Stories 2
Structure Type Frame
New Construction No
Others
Tax ID 203205HUNTSTCFLS
Security Features Fire Alarm,Fire Sprinkler System
Financing Cash
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Bought with eXp Realty