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- LoopNet Team
20 Lena St
North Providence, RI 02904
Brick Terrace Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12 Unit Garden Style Apartment Building located in North Providence, RI
- Off street parking and laundry facility located on site
- Close proximity to Downtown Providence, Colleges, Universities and just 45 minutes to Boston
- Attractive Unit Mix of 10 two-bedrooms and 2 one-bedroom apartments
- Ability to Increase NOI by raising rents to market rates and converting oil to gas
PROPERTY FACTS
| No. Units | 12 | Building Size | 10,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 3/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | RG | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 3/1,000 SF |
| Zoning | RG |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
ABOUT 20 LENA ST , NORTH PROVIDENCE, RI 02904
Marcus & Millichap is pleased to present the exclusive offering of the Brick Terrace Apartments located at 20 Lena Street in North Providence, RI. The property consists of (12) twelve, brick garden-style apartments which are comprised of (2) one-bedroom and (10) two-bedroom apartments. The Brick Terrace Apartments are located in a quiet, suburban area of North Providence just 45 minutes from Boston that offers convenient access to Downtown Providence, Colleges and Universities. The Brick Terrace Apartments offers investors the opportunity to acquire a long-term, stable, brick asset in an increasing rental market of North Providence. By converting the current oil heat to gas, recapturing rents to market levels, and finishing minor aesthetic details, an investor can significantly increase the current NOI.
PROPERTY TAXES
| Parcel Number | NPRO-000002-000000-000625 | Improvements Assessment | $1,063,600 |
| Land Assessment | $167,700 | Total Assessment | $1,231,300 |
PROPERTY TAXES
