383-435 Oaklawn Ave | Cranston, RI 02920
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- LoopNet Team
383-435 Oaklawn Ave
Cranston, RI 02920
New England Value-Add Multifamily | 48 Units · Multifamily Property For Sale
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48 Units
INVESTMENT HIGHLIGHTS
- Dean Estates is a 48-unit market-rate apartment community in the scenic city of Cranston, the second-most populous city in Rhode Island.
- Value-add multifamily leased at 44% with in-place rents that are significantly below market, offering the opportunity to increase rents and cash flow.
- Easily commutable location near Interstates 95 and 295 and 7 miles southwest of Downtown Providence.
- Nestled in an affluent residential neighborhood with convenient access to local retail and dining options, including Whole Foods and Starbucks.
- Two three-story garden-style residential community with large units, hardwood floors, balconies, on-site laundry, and a sparkling pool.
- Home to major employers and universities like Rhode Island Hospital, CVS, Roger Williams Medical Center, and more.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 1.71 AC |
| Type of Ownership | Fee Simple | Building Size | 65,120 SF |
| No. Units | 48 | Average Occupancy | 44% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Low-Rise | Parking Ratio | 0.98/1,000 SF |
| Building Class | B | Parcel Number | CRAN-000017-000003-001951 |
| Zoning | A8 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.71 AC |
| Building Size | 65,120 SF |
| Average Occupancy | 44% |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | A8 |
| Parcel Number | CRAN-000017-000003-001951 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Pool
- Laundry Service
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 830 |
| 2+1 | 24 | - | 1,150 |
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