For Sale
$1,595,000

1 Greystone Ave North Providence, RI 02911

Eleven-unit apartment building, North Providence, RI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional multifamily investment opportunity presents an 11-unit apartment building situated on a substantial 18,643 square foot lot in North Providence, Rhode Island. The property is zoned MG and boasts a total of 20+ parking spaces, a significant advantage for residents. The complex comprises two buildings. Building one houses nine units, a mix of five one-bedroom, one-bathroom units and four three-bedroom, one-bathroom units. Building two features two additional three-bedroom, one-bathroom units. This Class C property is conveniently located along a bus line, offering easy access to public transportation. Residents also enjoy proximity to the Woonasquatucket River and a local cricket field. The asking price for this eleven-unit portfolio is $1,595,000, representing a price per unit of $145,000. The three-story building presents a solid investment opportunity in a desirable location. The property's size and unit configuration provide a strong foundation for future growth and rental income. This is a rare opportunity to acquire a well-located multifamily property in a growing Rhode Island market. The property's convenient location and ample parking make it highly attractive to tenants.

Highlights

  • 11-unit multifamily investment opportunity in North Providence, RI.
  • Sits on an 18,643 sq ft lot with MG zoning and 20+ parking spaces.
  • Two buildings: nine units in one (five 1BR/1BA, four 3BR/1BA), and two 3BR/1BA units in the other.
  • Class C property, conveniently located near public transportation (bus line), Woonasquatucket River, and a cricket field.
  • Asking price: $1,595,000 ($145,000 per unit).

Property Details for 1 Greystone Ave

Property type
Apartment buildings
Class
C
Stories
3
Units
11

Location Insight

City
North Providence
County
Providence
State
Rhode Island
Latitude
41.865789734466
Longitude
-71.491448605145
1 Greystone Ave, North Providence, Rhode Island

FAQs

What type of property is this?
Apartment building - Eleven-unit apartment building, North Providence, RI.
Where is the apartment building located?
The property is located at 1 Greystone Ave North Providence, RI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 11-unit multifamily investment opportunity in North Providence, RI.; Sits on an 18,643 sq ft lot with MG zoning and 20+ parking spaces.; Two buildings: nine units in one (five 1BR/1BA, four 3BR/1BA), and two 3BR/1BA units in the other.
How can I contact the broker?
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1 Greystone Ave
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