548 Roosevelt Ave | Central Falls, RI 02863
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548 Roosevelt Ave
Central Falls, RI 02863
Fully Leased Factory Conversion - 14 Units · Multifamily Property For Sale
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14 Units
Investment Highlights
- Neighborhood of renovated buildings has proven rent demand
- Open plan with exposed brick walls and beam construction
- New windows, electric, plumbing, HVAC, kitchens, baths, en-suite laundry
- Lots of natural light
- Warehouse conversion/renovation began in 2019, complete in Summer 2020
Property Facts
| No. Units | 14 | Building Size | 19,726 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 2020/2021 |
| Lot Size | 0.38 AC | Parking Ratio | 1.06/1,000 SF |
| Zoning | M-2 - Apartment | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 19,726 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 2020/2021 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | M-2 - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Double Pane Windows
- Island Kitchen
- Loft Layout
- Skylights
About 548 ROOSEVELT AVE , CENTRAL FALLS, RI 02863
Former industrial building converted to 14 Multi-Family units in 2020-21. Across the street from the "M" development on Roosevelt Avenue. Top finishes, desirable beam and brick construction, hardwood floors. Proforma attached to this listing. 6.8% CAP Rate Portion of roof is new. The older portion will be replaced by owner prior to sale.
Property Taxes
| Parcel Number | CENT-000001-000000-000331 | Improvements Assessment | $2,435,600 |
| Land Assessment | $150,700 | Total Assessment | $2,586,300 |
Property Taxes
Parcel Number
CENT-000001-000000-000331
Land Assessment
$150,700
Improvements Assessment
$2,435,600
Total Assessment
$2,586,300
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