Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Attributes

Year Built 2000
Building Area Net
Number of units 81

Asset Description

JLL has been exclusively retained to market the West Warwick Portfolio (the “Portfolio”), a three (3) property, eighty-one (81) unit, 100% market-rate multifamily portfolio located in one of Rhode Island’s most attractive suburban towns. Ninety-eight percent (98%) occupied as of January 2022, the Portfolio has proven to be resilient with a strong occupancy history, and short downtimes when units do become available. The Portfolio’s properties, which are all within an 8-minute drive of one another, are minutes from I-95 with access to Providence in under 25 minutes and are also less than three miles from one of Rhode Island’s primary retail corridors along Route 2. Each of the Portfolio properties are within a 5-minute walk of Rhode Island Public Transit Authority (RIPTA) bus stations, providing residents a convenient public transportation option with service to Providence. The Portfolio is 15 minutes from TG Green International Airport which also features a MBTA Commuter rail station providing convenient access to Boston in under 75 minutes. The Portfolio represents a unique opportunity to acquire immediate scale in one of Rhode Island’s most vibrant and populous suburbs.

Investment Highlights

100% MARKET-RATE WORKFORCE HOUSING


PROVEN RESILIENCY


VALUE-ADD OPPORTUNITY


DYNAMIC, AMENITY RICH LOCATION

Last Updated Date: 27 Jan 2022

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Last Updated Date: 27 Jan 2022

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