NOT LISTED FOR SALE

7 Elm St Unit 11 Central Falls, RI 02863

11 Beds
6 Baths
3,040 Sq Ft
9,583 Sq Ft

Last Sold September 09, 2024

Last sale price $675,000 $222 Per Sq Ft

8 Days on Market

Highlights

  • 0.22 Acre Lot
  • Wood Flooring
  • Baseboard Heating

About This Home

As of September 2024

Welcome to this versatile 4-family home in Central Falls, Rhode Island. A prime investment opportunity with consistent occupancy. Each of the four units offers approximately 760 square feet of living space, catering to diverse needs with varying bedroom and bathroom counts. This flexibility makes the property ideal for couples, individuals, and families of all sizes. All units are currently occupied on a month-to-month basis, ensuring steady rental income and offering potential for future lease adjustments. The property features the convenience of off-street parking, a rare find in the area, providing added value for tenants. Situated close to major highways and local amenities, this location ensures easy access to schools, shopping, dining, and entertainment options, enhancing the appeal for current and prospective tenants. Don't miss out on this fantastic investment in Central Falls, offering both stability and growth potential!

Last Agent to Sell the Property

Kyle Seyboth

Century 21 Limitless License #REC.0005226 Listed on: 05/20/2024

Century 21 Limitless

Last Buyer's Agent

Samuel Alba

Innovations Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,799

Year Built

  • Built in 1920

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • 3,040 Sq Ft Home
  • Aluminum Siding

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 079
  • Assessor Parcel Number 7ELMSTCFLS

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,799

Year Built

Built in 1920

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Above Grade Finished Sq Ft: 3040.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 11
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 7ELMSTCFLS
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6799.0
  • Tax Lot: 079
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2024 09/09/24 Sold $675,000 0.0% $222 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $675,000 -- $222 / Sq Ft
Source: State-Wide MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,604 $651,300 $121,100 $530,200
2024 $6,894 $366,500 $111,700 $254,800
2023 $6,799 $366,500 $111,700 $254,800
2022 $6,399 $366,500 $111,700 $254,800
2021 $4,362 $183,600 $35,500 $148,100
2020 $4,349 $183,600 $35,500 $148,100
2019 $4,546 $183,600 $35,500 $148,100
2018 $3,686 $140,100 $27,000 $113,100
2017 $3,686 $140,100 $27,000 $113,100
2016 $3,633 $140,100 $27,000 $113,100
2015 $3,285 $118,900 $24,500 $94,400
2014 $3,241 $118,900 $24,500 $94,400
2013 $3,058 $118,900 $24,500 $94,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1359551

State-Wide MLS

APN: CENT M:01 P:79

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