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183-191 Washington Rd 14 Unit Apartment Building $5,500,000 ($392,857/Unit) Barrington, RI 02806
INVESTMENT HIGHLIGHTS
- 14 well maintained rentals
- Suburban locale Great schools. Prime location to all of RI and Southern MA.
- Nearly an acre
EXECUTIVE SUMMARY
Highly coveted and scarcely available investment opportunity in Barrington! Great rents and well maintained on nearly an acre. This impressive 14-unit residential complex in one of Rhode Island's most desirable areas sits on nearly an acre just a stone's throw from the beaches, the bike path, schools, and the town center. The property consists of 4 newer buildings, each with 8 high end units all offering 2 bedrooms and 2.5 baths, another well-maintained building, containing 2 units both with 2 bedrooms and 1 bath, and a larger recently converted brick building consisting of 4 high end two-bedroom units, two with 1 bath and two with 1.5 baths. Many units have soaring ceilings, central air, in-unit washer and dryer, and off-street parking. Centrally located with proximity to all of the East Bay, Providence, and Southeastern Massachusetts, this sublime income-generating investment can be yours now!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $5,500,000 | Building Class | C |
| Price Per Unit | $392,857 | Lot Size | 1.01 AC |
| Sale Type | Investment | Building Size | 18,938 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Apartment Style | Townhome | Cross Streets | Bay Spring Ave |
| Zoning | NB | ||
| Price | $5,500,000 |
| Price Per Unit | $392,857 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 18,938 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.43/1,000 SF |
| Cross Streets | Bay Spring Ave |
| Zoning | NB |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 8 | - | - |
| 2+1 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | BARR-000002-000000-000105 | Improvements Assessment | $2,652,000 |
| Land Assessment | $337,000 | Total Assessment | $2,989,000 |
PROPERTY TAXES
Parcel Number
BARR-000002-000000-000105
Land Assessment
$337,000
Improvements Assessment
$2,652,000
Total Assessment
$2,989,000
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183-191 Washington Rd
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