100 Park Place | 100 Park Pl
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100 Park Place 100 Park Pl
42 Unit Apartment Building For Sale Pawtucket, RI 02860
Executive Summary
Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire 100 Park Place, a 42-unit value-add apartment community located in Pawtucket, Rhode Island. The property is comprised of two (2) three-story buildings on 1.1 acres of land and boasts an attractive unit mix of seven (7) one-bedroom units and thirty-five (35) two-bedroom units.
Proximate to Providence, Pawtucket is an emerging market known for its rich industrial history and revitalized downtown area.
100 Park Place is ideally located near the Pawtucket MBTA train station, which opened in 2023 as part of the MBTA’s effort to improve regional transportation and expand services in Rhode Island. It serves the MBTA’s commuter rail service, providing easy connections to Providence and beyond, making it a key asset for those traveling for work or leisure.
100 Park Place represents a compelling investment opportunity in a growing market. With strategic renovations and management improvements, investors can capitalize on the increasing demand for quality rental housing in a highly desirable submarket.
Proximate to Providence, Pawtucket is an emerging market known for its rich industrial history and revitalized downtown area.
100 Park Place is ideally located near the Pawtucket MBTA train station, which opened in 2023 as part of the MBTA’s effort to improve regional transportation and expand services in Rhode Island. It serves the MBTA’s commuter rail service, providing easy connections to Providence and beyond, making it a key asset for those traveling for work or leisure.
100 Park Place represents a compelling investment opportunity in a growing market. With strategic renovations and management improvements, investors can capitalize on the increasing demand for quality rental housing in a highly desirable submarket.
Property Facts
Sale Type | Investment | Lot Size | 1.10 AC |
No. Units | 42 | Building Size | 44,586 SF |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1970 |
Apartment Style | Low Rise | Parking Ratio | 0.76/1,000 SF |
Building Class | C | Opportunity Zone |
Yes
|
Sale Type | Investment |
No. Units | 42 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.10 AC |
Building Size | 44,586 SF |
No. Stories | 2 |
Year Built | 1970 |
Parking Ratio | 0.76/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 7 | - | 680 |
2+1 | 35 | - | 680 |
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | PAWT-000053-000000-000531 | Improvements Assessment | $4,037,700 |
Land Assessment | $248,100 | Total Assessment | $4,285,800 |
PROPERTY TAXES
Parcel Number
PAWT-000053-000000-000531
Land Assessment
$248,100
Improvements Assessment
$4,037,700
Total Assessment
$4,285,800
zoning
Zoning Code | RE (Residential) |
RE (Residential) |
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100 Park Place | 100 Park Pl
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