747 Broad StCentral Falls, RI 02863

This exceptional investment opportunity presents a portfolio of three properties totaling 27 units in Central Falls, Rhode Island, strategically located near I-95 and the Pawtucket/Central Falls Commuter Rail Station. The portfolio comprises a mix of residential, commercial, and mixed-use buildings, offering a diverse income stream. Built in 1900, the properties boast significant recent upgrades, including new kitchens, bathrooms, flooring, ceilings, windows, doors, a gas boiler, electric meters, vinyl siding, new asphalt parking lots, and roofs. The portfolio currently features six four-bedroom units, six one-bedroom units, two two-bedroom units, and fifteen two-bedroom units, along with one three-bedroom unit. Additionally, there are four retail spaces and two retail/office spaces included. All 27 units are currently fully rented, with a waiting list, indicating strong demand and potential for future rent increases. Off-street parking is provided across the three properties. Detailed income and expense information is available upon request for qualified buyers. This portfolio is ideally suited for investors seeking a substantial, well-maintained, and high-yield investment, and is subject to a 1031 like-kind exchange. The asking price for this exceptional package is $4,995,000, with a 7% cap rate. The properties are situated at 747-751 Broad Street, 753-757 Broad Street, and 78-82-84 Railroad Street in Central Falls, RI, zip code 02863.