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.