77 Fales StCentral Falls, RI 02863

Property Details for 77 Fales St

Year built

1900

Property size (Sq ft)

4,599 SF

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Central Falls

County

Providence

State

Rhode Island

Latitude

41.8889

Longitude

-71.3895

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