News: Rhode Island

Alves of KW Commercial Realty brokers $630,000 sale in Pawtucket

Pawtucket, RI Michael Alves of KW Commercial Realty (The Elite Group) brokered the sale of a 12-unit multifamily located at 109 Montgomery St.

The 10,000 s/f building was sold to a foreign investor for $630,000 which equates to $52,500 per unit with an 11% cap rate.

MORE FROM Rhode Island

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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