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Sold for $527,000
  • $527,000

    72-74 Clay St, Central Falls, RI 02863

    6beds
    2,436sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $634,500 Zestimate®
    $216/sqft
    $1,765 Estimated rent

    Home value

    $634,500

    $596,000 - $673,000

    $1,765/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Boulay 401-632-3543,

    Keller Williams Coastal

    Bought with:

    The Preferred Group

    Keller Williams Coastal

    Source: StateWide MLS RI,MLS#: 1360326MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub, Bath w Shower Stall
    Heating
    • Natural Gas, Baseboard
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
    • Laundry: Common Area
    Features
    • Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
    • Flooring: Laminate, Vinyl, Carpet
    • Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space
    • Attic: Attic Stairs, Attic Storage
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,856
    • Total interior livable area: 2,436 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: No Garage
    Lot
    • Size: 3,693 sqft
    • Features: Paved
    Details
    • Additional structures: Outbuilding
    • Zoning: R3
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Aluminum Siding, Shingles
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service, Circuit Breakers
    • Sewer: In Fee, Public Sewer
    • Water: In Fee, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
    Location
    • Region: Central Falls

    HOA & financial

    Other financial information
    • Total actual rent: 3525

    Price history

    DateEventPrice
    7/26/2024Sold$527,000+5.6%$216/sqft
    Source: StateWide MLS RI #1360326 Report a problem
    6/25/2024Pending sale$499,000$205/sqft
    Source: StateWide MLS RI #1360326 Report a problem
    6/5/2024Contingent$499,000$205/sqft
    Source: StateWide MLS RI #1360326 Report a problem
    5/31/2024Listed for sale$499,000$205/sqft
    Source: StateWide MLS RI #1360326 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 02863

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $634,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $634,500