1 Greystone Ave - Apartments FOR SALE


North Providence, RI 02911
$1,999,900 USD
401-523-9555
1 Greystone Ave, North Providence, RI for Sale
$1,999,900 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1 Greystone Ave
North Providence, RI 02911


OVERVIEW

Strong investment opportunity featuring two income-producing residential properties located between Waterman Avenue and Putnam Pike near Centredale in North Providence. This portfolio offers stable in-place income, low vacancy, and immediate positive cash flow, with excellent access to Route 44 and I-295 and close proximity to the new Amazon distribution center currently under development, supporting long-term rental demand. Property Highlights • Consistent cash flow from day one • Prime North Providence location near Centredale • Convenient access to Route 44 & I-295 • Close to the new Amazon distribution center 1 Greystone Street • 9-unit multifamily with a mix of 1- and 3-bedroom units • Assigned on-site parking • Coin-op laundry in basement • Several recently upgraded units achieving market rents 2–4 Greystone Street • Duplex with two 3-bedroom / 1-bath units • One unit recently fully renovated with modern upgrades • Value-add potential through future unit upgrades and rent growth A rare opportunity to acquire stabilized multifamily assets with strong income and future upside in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,999,900 USD

PRICE/SF

$283 USD /SF

# OF UNITS

9

PRICE/UNIT

$222,211

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.