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.