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Collection of Apartment Buildings Sold for Combined $6.5M

Rezul News/10537920
Rezul -- December 12, 2019

PAWTUCKET –  Three  multifamily  investment  properties  were  sold  recently  for  a   total  of  $6.5  million,  consisting  of  seven  buildings  and  84  units.

The  properties  were  located  in  Pawtucket  and  Lincoln,  according  to  Sweeney  Real Estate  &  Appraisal  of  Providence , which  represented  the  sellers.

The  properties  were  all  held  by  RISSPORT  I  LLC,  which  has  offices  in  East Providence  at  20  Newman  Ave.  The  registered  agent  is  attorney  Jean  A.  Harrington.

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The  properties  included  100  Park  Place  in  Pawtucket,  an  apartment  complex  of  two buildings  with  42  units.  That  site  sold  for  $2.9  million.

Another  small  apartment  complex,  at  121-127  Chestnut  St.  in  Lincoln,  has  two buildings  and  12  units.  It  sold  for  $877,500,  according  to  the  news  release.

A complex at 289 East Ave. in Pawtucket, with three buildings and 30 units, sold for $2.8 million.

The transactions were announced on Nov. 8. The names of the buyers were not disclosed.

Sweeney Real Estate and Appraisal

Source: Sweeney Real Estate & Appraisal
Filed Under: Real Estate

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