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Frog City Mill Apartments 64 Mill St 17 Unit Apartment Building $6,898,950 CAD ($405,821 CAD/Unit) Johnston, RI 02919
Investment Highlights
- No vacancy! Waitlist!! Very High Tenant Demand
- Featuring exposed brickwork, updated finishes, on-site gym, community lounge areas, and even a dog spa
- Boutique mill-style apartment community
- Ample off-street parking adds convenience for residents. Located in the heart of Johnston’s historic village
Executive Summary
Incredible investment opportunity in Johnston to own a fully occupied 17-unit residential property rebuilt/ restored just 2 years ago with a strong waitlist and high tenant demand. Unit mix includes fifteen 1-bedroom units and two 2-bedroom units. Tenants pay utilities, providing efficient operating structure for investors. This boutique mill-style apartment community blends preserved industrial charm with modern enhancements, featuring exposed brickwork, updated finishes, on-site gym, community lounge areas, and even a dog spa. Ample off-street parking adds convenience for residents. Located in the heart of Johnston’s historic village with easy access to shopping, dining, and services along Atwood Avenue. Close to Johnston Memorial Park and convenient to Route 6, Interstate 295, and Interstate 95. Short drive to Providence, Rhode Island College, and T.F. Green Airport.
Property Facts
| Price | $6,898,950 CAD | Building Class | B |
| Price Per Unit | $405,821 CAD | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 16,346 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1880 |
| Apartment Style | Low-Rise | ||
| Zoning | C - Commercial | ||
| Price | $6,898,950 CAD |
| Price Per Unit | $405,821 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 16,346 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1880 |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Controlled Access
- Fitness Center
- Security System
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+2 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | JOHN-000004-000000-000311 | Improvements Assessment | $2,187,914 CAD |
| Land Assessment | $50,663 CAD | Total Assessment | $2,238,577 CAD |
Property Taxes
Parcel Number
JOHN-000004-000000-000311
Land Assessment
$50,663 CAD
Improvements Assessment
$2,187,914 CAD
Total Assessment
$2,238,577 CAD
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Frog City Mill Apartments | 64 Mill St
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