72 Clay Street

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Address: 72 Clay St, Central Falls, RI 02863, USA
Created date: June 20, 2024
Date last updated: June 20, 2024

Property Description

HIGHEST & BEST DUE MONDAY 6/3 AT 5PM. Discover a unique investment opportunity with this multifamily home, ideally situated on the Central Falls/Pawtucket line. This property includes two buildings on one lot, offering a total of three fully occupied units with potential for expansion into the attic to create an oversized townhouse-style apartment. Each unit features 2 bedrooms and 1 bathroom, along with individually metered utilities, making it perfect for attracting long-term tenants. Off-street parking, a highly sought-after feature in this area, is also available. Most major updates have already been completed, including replacement windows, vinyl siding, and new roofs and boilers within the last 2-3 years. Coin-operated laundry provides additional tenant convenience and an extra revenue stream. With long-term tenants currently in place, there's also potential to increase rents and maximize your return on investment. Conveniently located just minutes from the train station, this property offers excellent commuter access and is situated in a growing neighborhood. It’s ideal for investors looking to expand their portfolio with a stable, income-generating property. The opportunity to raise rents and add an additional unit makes this an attractive option for those seeking long-term value and growth. Don't miss out on this rare chance to own a multifamily home in a prime location with significant upside potential!

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $499,000
No. of Units: 3
Year Built: 1900
Lot Size: 2,856.00 Sq ft
Opportunity Zone: No
Price per unit: $166,333
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 3
Address: 72 Clay Street, Central Falls, RI 02863, USA
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