7255 Post Rd
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7255 Post Rd
16 Unit Apartment Building $1,635,449 CAD ($102,216 CAD/Unit) 12.09% Cap Rate North Kingstown, RI 02852
Executive Summary
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.
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.
Data Room Click Here to Access
- Operating and Financials
Property Facts Under Contract
Price | $1,635,449 CAD | Apartment Style | Low Rise |
Price Per Unit | $102,216 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 12.04 AC |
Cap Rate | 12.09% | Building Size | 6,430 SF |
No. Units | 16 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1945 |
Property Subtype | Apartment | Parking Ratio | 6.22/1,000 SF |
Price | $1,635,449 CAD |
Price Per Unit | $102,216 CAD |
Sale Type | Investment |
Cap Rate | 12.09% |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 12.04 AC |
Building Size | 6,430 SF |
No. Stories | 2 |
Year Built | 1945 |
Parking Ratio | 6.22/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- Trash Pickup - Curbside
- Vintage Building
- Walking/Biking Trails
- Public Transportation
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 16 | - | - |
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PROPERTY TAXES
Parcel Number | NKIN-000136-000011 | Improvements Assessment | $0 CAD |
Land Assessment | $579,610 CAD | Total Assessment | $579,610 CAD |
PROPERTY TAXES
Parcel Number
NKIN-000136-000011
Land Assessment
$579,610 CAD
Improvements Assessment
$0 CAD
Total Assessment
$579,610 CAD
zoning
Zoning Code | PR |
PR |
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7255 Post Rd
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