1428 Park Avenue

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1428 Park Avenue

Cranston, RI 02920
Asking Price
$550K
Asset Type
Apartment Building Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property features 2,495 square feet of usable space.
  • This mixed-use building is located in Cranston, Rhode Island.
  • The asking price for this investment is $549,900.
  • The asset functions as a versatile mixed-use apartment building.
  • Cranston provides a stable location within the Providence market.

What's Special

This mixed-use apartment building spans 2,495 square feet at 1428 Park Avenue in Cranston, Rhode Island. Situated within a established suburban environment in the Providence metro area, the property benefits from proximity to major regional roadways and local commercial hubs. The structure provides an adaptable floor plan suitable for investors seeking a versatile asset with potential for both residential and commercial income streams. Cranston remains a stable market with consistent demand for housing and neighborhood retail, making this a practical acquisition for those looking to expand their portfolio within the state. The layout supports a variety of configurations, accommodating diverse tenant needs while maintaining visibility on a primary artery. Its location offers accessibility for residents and business operations alike, positioning the asset well within the current landscape of the local real estate market.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,720.605
Annual Cash Flow
$47,352.738

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