7255 Post Rd
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7255 Post Rd
16 Unit Block of Flats £905,855 (£56,616/Unit) 12.09% Net Initial Yield 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 | £905,855 | Apartment Style | Low Rise |
| Price Per Unit | £56,616 | Building Class | C |
| Sale Type | Investment | Lot Size | 12.04 AC |
| Net Initial Yield | 12.09% | Building Size | 6,430 SF |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 6.22/1,000 SF |
| Price | £905,855 |
| Price Per Unit | £56,616 |
| Sale Type | Investment |
| Net Initial Yield | 12.09% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 12.04 AC |
| Building Size | 6,430 SF |
| Number of Floors | 2 |
| Year Built | 1945 |
| Parking Ratio | 6.22/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- Rubbish Collection - Kerbside
- 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 |
| Land Assessment | £323,823 | Total Assessment | £323,823 |
PROPERTY TAXES
Parcel Number
NKIN-000136-000011
Land Assessment
£323,823
Improvements Assessment
£0
Total Assessment
£323,823
zoning
| Zoning Code | PR |
| PR |
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7255 Post Rd
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