1 Greystone Ave North Providence, RI 02911
- Industrial properties
- 92,856 SF
- 0.40 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1 Greystone Ave
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.49
- Latitude
- 41.8636
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
