237 Cowden Street, Central Falls, RI 02863

Property Description

Excellent investment opportunity in Central Falls! This fully renovated 5-unit multifamily property offers a desirable mix of four 2-bedroom/1-bath units and one spacious 4-bedroom/2-bath unit, making it an attractive addition to an investor portfolio or a strong owner-occupant opportunity. The property has undergone extensive renovation and is designed for low-maintenance ownership, with updated kitchens, bathrooms, electrical, plumbing, HVAC, insulation, and other major building systems. The property also offers approximately 4,356 square feet of living space and off-street parking. The property is currently generating approximately $10,800 per month in gross rental income, or $129,600 annually, providing a strong income-producing asset in a convenient Central Falls location. With its turnkey condition, strong rental income, flexible unit mix, and proximity to Providence, major transportation routes, shopping, restaurants, schools, and local amenities, this property presents a compelling opportunity for investors seeking a stabilized multifamily asset. Offered at $1,050,000.