1 Greystone Avenue North Providence, RI 02911

Building Details

Year Built

1920

Listing Agency: HomeSmart Professionals Real Estate i***@yahoo.com Show Phone

Listed By: Michael Alves · License #REC.0016995 Show Phone

Source: Liongatere

Added: Mar 12 Changed: Jul 10 Last Checked: Jul 27 at 12:06AM

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Investment Insights

Based on property information with market context.

This offering features an eleven-unit multifamily investment property located in North Providence, near Centredale. The property provides convenient access to Route 44 and I-295, and is close to the new Amazon distribution center. The property consists of two buildings: 1 Greystone Street, a nine-unit multifamily building with a mix of one- and three-bedroom units, and 2-4 Greystone Street, a duplex with two three-bedroom, one-bath units. The nine-unit building includes assigned on-site parking and coin-operated laundry in the basement. Several units have been recently upgraded to achieve market rents. The duplex includes one unit that has been recently fully renovated with modern upgrades. The property offers value-add potential through future unit upgrades and rent growth, providing consistent cash flow.

Key Highlights

• Consistent cash flow from day one
• Prime North Providence location near Centredale
• Convenient access to Route 44 & I‑295

Property Analytics

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FAQs

What type of property is this?

Apartment building - Eleven-unit multifamily property with cash flow and upgrade potential.

Where is this apartment building located?

The property is located at 1 Greystone Avenue North Providence, RI.

What is the asking price?

The asking price for this property is $1,999,900.

What are key features of this property?

This property features: Consistent cash flow from day one; Prime North Providence location near Centredale; Convenient access to Route 44 & I‑295