747-751 Broad St
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747-751 Broad St
8,715 SF 100% Leased Retail Building Central Falls, RI 02863 $6,511,632 CAD ($747 CAD/SF) 7.55% Cap Rate
Executive Summary
Investors take Notice! This is a package Sale! This complete portfolio consists of 3 properties, Residential-Commercial-Mixed Use, totaling 27 Units fully rented with waiting list. Units are in Superb, above average condition. Upgrades include New Kitchens, Baths, Flooring, Ceilings, Windows, Doors, Gas Boiler, Electric Meters, Vinyl Siding, New Asphalt parking lots, Roofs and much more! Income/Expense information for properties can be provided for interested Buyers. Property #1 747-751 Broad Street Breakdown: 6-4 Bedroom units 2-Retail stores With off street parking. Property #2 753-757 Broad Street Breakdown: 6 - 1 Bedroom units 2 - 2 Bedroom units 2 - Retail/Office Separate Lot included for off street parking. Property #3 78-82-84 Railroad Street (Consists of 2 Buildings) Front Building 4 Unit all 2 Bedroom units. Back Building 5 Unit 4 - 2 Bedroom units and 1 - 3 Bedroom Unit With off street parking. If you are looking to expand your portfolio, or seeking solid income, this is the one! Conveniently located near all conveniences, all shopping, restaurants, I-95, Pawtucket/Central Falls Commuter Rail Station. Subject to a successful 1031 Like Exchange. Exchange property has been identified. Please call with questions.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,715 SF
Building Class
C
Year Built
1920
Price
$6,511,632 CAD
Price Per SF
$747 CAD
Cap Rate
7.55%
NOI
$491,748 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
10’
Parking
22 Spaces (2.52 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $5,706,345 CAD | |
Land Assessment | $449,542 CAD | Total Assessment | $6,155,887 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$449,542 CAD
Improvements Assessment
$5,706,345 CAD
Total Assessment
$6,155,887 CAD
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747-751 Broad St
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