7255 Post Rd - Apartments FOR SALE


North Kingstown, RI 02852
$1,150,000 USD
401-886-7800
7255 Post Rd, North Kingstown, RI for Sale
$1,150,000 USD
Apartments - FOR SALE
1/7
null | 12.09% Cap Rate

7255 Post Rd
North Kingstown, RI 02852


OVERVIEW

Plat 136 Lot 11, 1.2 acres with 17 units; 3 apartment buildings plus a 2000 sq ft Quonset Bldg with apartment loft on just over and acre. Not high-end but affordable living with mostly seniors, low turnover, some room for upside rents. on sewers. New heat. Newer roof. Close to everything. This is in the Post Road Redevelopment area. Rear Land also available at $750,000. Plat 136 Lot 170. 10.93 acres; approx. 2000' feet deep with some wetlands, 3 acre upland on Post Rd side, could be up tp 60 apartments within zoning parameters. New 77 unit apartments going right next door. Note: taxes and land area may be combined on this listing platform. Email agent for additional info.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

16

PRICE/UNIT

$71,875

CAP RATE

12.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

40

LAND DETAILS

LAND ACRES

12.04 AC

LAND SF

524,462 SF

ZONING

PR

APN/PARCEL ID

NKIN-000136-000011

ASK ABOUT THIS PROPERTY

Jeff ButlerButler Realty GroupMore Info
401-886-7800

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Jeff ButlerButler Realty GroupMore Info
401-886-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.