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151 Ocean Rd
Narragansett, RI 02882
Ocean Road Apartments & Development · Residential Property For Sale · 36 Units
PROPERTY FACTS
| No. Units | 36 | Lot Size | 3.39 AC |
| Property Type | Residential | Building Size | 34,170 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | Number of Floors | 3 |
| Building Class | C | Year Built | 1968 |
| No. Units | 36 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 3.39 AC |
| Building Size | 34,170 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1968 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Laundry Facilities
- Public Transportation
About 151 Ocean Rd , Narragansett, RI 02882
Northeast Private Client Group is pleased to present The Ocean Road Apartments & Development, a 36-unit multifamily property with 22 approved condominium units located at 151 Ocean Road in Narragansett, Rhode Island. The Ocean Road Apartments contain (6) studio & (30) two bedroom apartments. The property boasts ample off-street parking, on-site laundry, and water front views. Tenants are responsible for electric and landlord paid gas heat. The front portion of the parcel has been approved for 22 condominium units ranging from 1 Bed / 1.5 Bath to 3 Bed / 3.5 Bath and 1,086 SF to 3,165 SF. Current sales comparisons for condos in the area average $534.55 per ft. The Ocean Road Apartments & Development provides an investor the unique opportunity to purchase a well maintained cash flowing apartment building with the ability to raise rents to market level and develop 22 approved waterfront condo units in a prime location of Narragansett, RI. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request.
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 430 |
| 2+1 | 30 | - | 880 |
PROPERTY TAXES
| Parcel Number | NARR-000210-000000-D000000 | Improvements Assessment | £2,939,501 |
| Land Assessment | £2,059,374 | Total Assessment | £4,998,875 |
PROPERTY TAXES
zoning
| Zoning Code | R-10 |
| R-10 |
