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.