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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.

Property Facts

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 33551561

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 100 Park Pl, Pawtucket, RI 02860

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