72 Clay Street
Central Falls, RI 02863
- 6 beds
- 3 baths
- – sqft
- 3,693 sqft lot
- 1900 build
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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!
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Last updated Nov 20, 2024
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MLS# 1360326 —
The Building
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Year Built:1900
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New Construction:false
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Building Area Total:2856.0
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Construction Materials:Drywall,Plaster,AluminumSiding,ShingleSiding
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Structure Type:Apartment
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Foundation Details:ConcretePerimeter
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Basement:ExteriorEntry,Full,InteriorEntry,Unfinished
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Basement:true
Interior
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Interior Features:Attic,Bathtub,PermanentAtticStairs,StallShower
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Flooring:Carpet,Laminate,Vinyl
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Fireplace:false
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Fireplace Features:None
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Laundry Features:CommonArea
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.883751
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Longitude:-71.387677
The Property
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Features:Paved
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Lot Size Acres:0.0848
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Lot Size Area:3693.0
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Lot Size Square Feet:3693.0
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Lot Size Units:SquareFeet
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Parcel Number:7274CLAYSTCFLS
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Zoning:R3
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 632-3543
- Office phone:
- (401) 845-9200
Taxes
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Tax Year:2023
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Tax Annual Amount:6716.96
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Tax Assessed Value:362100
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Tax Lot:10
Beds
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Bedrooms Total:6
Baths
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Bathrooms Total:3
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Bathrooms Full:3
Heating & Cooling
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Heating:Baseboard,Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Electric:Amps100,CircuitBreakers
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public,WaterTapFee
Appliances
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Appliances:Dryer,GasWaterHeater,Oven,Range,Refrigerator,WaterHeater,Washer
The Community
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Senior Community:false
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Community Features:HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping
Parking
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Parking Total:3.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/26/24
Jul 26, 2024
|
Sold | RIMLS | $527,000 |
