1 Greystone AveNorth Providence, RI 02911

Property Details for 1 Greystone Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

92,856 SF

Zone code

MG

Property type

Industrial properties

APN

NPRO M:20 L:817

APU

NPROM20L817

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $17,571,988

  Hospitality

  $16,095,846

  Educational

  $13,391,555

  Medical

  $13,852,111

  Retail

  $20,831,308

Location Insight

City

North Providence

County

Providence

State

Rhode Island

Latitude

41.8636

Longitude

-71.49

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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