1 Greystone Ave - Apartments FOR SALE


North Providence, RI 02911
$2,100,000 USD
401-523-9555
1 Greystone Ave, North Providence, RI for Sale
$2,100,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1 Greystone Ave
North Providence, RI 02911


OVERVIEW

Strong performing investment opportunity featuring two income-producing properties in a highly desirable rental location between Waterman Avenue and Putnam Pike near Centredale in North Providence. The properties benefit from excellent access to Route 44 and I-295 and are located near the new Amazon distribution center currently under development, adding long-term demand to the area. With low vacancy and immediate cash flow, this is an ideal opportunity for investors seeking stable returns with additional upside. Property Highlights Consistent income with positive cash flow from day one Prime North Providence location near Centredale Convenient access to Route 44 & I-295 Close proximity to the new Amazon distribution center 1 Greystone Street: 9-unit multifamily with a mix of 1- and 3-bedroom units Ample on-site assigned parking Coin-operated laundry facility in the basement Several units recently upgraded commanding market rents 2–4 Greystone Street: Duplex with two 3-bedroom / 1-bath units Unit 2 Greystone recently fully renovated with new flooring, tile, lighting, countertops, and in-unit washer/dryer Opportunity to increase rents further as units turn over and upgrades continue A rare investment opportunity combining stable in-place income, recent renovations, and future rent growth potential in a strong rental market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1 & 2-4 Greystone Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

MG

APN/PARCEL ID

NPRO-000020-000000-000621

ASK ABOUT THIS PROPERTY

Michael AlvesElite Commercial RealtyMore Info
401-523-9555

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Michael AlvesElite Commercial RealtyMore Info
401-523-9555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.