September 13, 2023 – Jason Kulik and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of Knightsville Way, a 10-unit mixed-use property in Cranston, Rhode Island. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,300,000.
Knightsville Way is a mixed-use Property located at 1703 Cranston Street in Cranston, Rhode Island. Knightsville Way is comprised of three buildings and contains a total of ten (10) units, consisting of five (5) 1-Bedroom/1-Bathroom units, three (3) 2-Bedroom/1-Bathroom units, and two (2) commercial units with a combined 8,060 square feet of living area in 12,405 square feet of total gross area on 0.29-acres parcel of land. The Property is 100% occupied and offers twenty-one (21) off-street parking spaces for residents and customers. Knightsville Way is well-located in the heart of Cranston, with convenient access to an appealing array of restaurants, bars, retailers, entertainment, and parks. Cranston offers a vibrant mix of local favorites as well as nationally recognized retailers and restaurants, such as Walmart, Stop & Shop, Whole Foods, Ocean State Job Lot, CVS, Dollar General, Starbucks, Wendy’s, McDonald’s, and Dunkin’. The Property is a short walk from several local bus lines with service on Routes 17, 30 and WM, and offers convenient access to area highways (RI Routes 2, 12 and 10, Interstates 95 and 295, and US Routes 1 and 6).
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.