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100 Park Pl
Pawtucket, RI 02860
100 Park Place · Multifamily Property For Sale
·
42 Units
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
|
| Zoning | RE - Residential | ||
| 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 |
| Zoning | RE - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 680 |
| 2+1 | 35 | - | 680 |
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
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