Residential Properties Ltd. takes pleasure in announcing the sale of 101 Hillside Avenue in Providence for $5 million. RPL Sales Associate Scott Veloso of the Bessette Veloso Group proudly represented both sides of this transaction. He also represented the developers with their original acquisition of property in an off-market deal in 2016. The Bilotti Group, Inc is acquiring the property through an affiliated entity. The Bilotti Group, Inc is based in Cranston, RI and owns and operates 600 apartments throughout Northern Rhode Island and Southeastern Massachusetts.
This 22-unit apartment building located on the East Side of Providence in the Summit neighborhood is a former assisted living facility completely renovated in 2017 and converted to apartments by local developers Jordan Durham and Peter Gill Case of Hillside Realty LLC. The property is ideally situated in walking distance to Lippitt Park and Blackstone Boulevard and has been 100-percent occupied since redevelopment.
The Bessette Veloso Group has built a reputation as the go-to real estate team in RI to help landowners and investors maximize value. To view their listings or learn more, please visit RIPropertyGroup.com.
