617-816-5257
100 Elena St, Cranston, RI for Sale
Apartments - FOR SALE
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100 Elena St
Cranston, RI 02920


OVERVIEW

Cushman & Wakefield’s New England Multifamily Advisory Group is pleased to present the opportunity to acquire Renew Western Cranston. Tucked into the sought-after Western Cranston, Rhode Island neighborhood, the property offers newly renovated one- and two-bedroom apartment homes that pair classic New England architecture with modern comfort. Built in 1989, the nine building, 216-unit community has been thoughtfully updated with vinyl-plank flooring, gourmet kitchens, full-size in-unit washers and dryers, wood-burning fireplaces, and private outdoor relaxation areas. Ownership has recently implemented a new renovation program (Dream Weave) at the property. Three (3) Dream Weave units have been completed and are achieving a $500/month premium over vintage units, $300/month over previously renovated units. Residents enjoy high end amenities including a landscaped resort-style pool with sundeck, a cozy gas fire pit area, a Wi-Fi-enabled resident lounge, and a state-of-the-art fitness center with dedicated yoga space, all set against beautifully maintained grounds featuring native plantings. Residents are minutes from Garden City Center’s upscale shopping and dining, with easy access to Cranston, Warwick, East Greenwich, and downtown Providence. The community is centrally positioned near major hospitals and top-tier colleges including Brown University, Providence College, Johnson & Wales University, and URI’s Providence campus, making it an ideal home base for students, faculty, and working professionals alike.

FOR SALE DETAILS

PRICE

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# OF UNITS

216

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ReNew Western Cranston

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

342

LAND DETAILS

LAND ACRES

11.21 AC

LAND SF

488,308 SF

ZONING

C5

APN/PARCEL ID

CRAN-000012-000003-002429

ASK ABOUT THIS PROPERTY

Chris SowerCushman & WakefieldMore Info
617-816-5257

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Chris SowerCushman & WakefieldMore Info
617-816-5257

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