80 Briarwood Ave - Apartments FOR SALE


Middletown, RI 02842 | 
$2,500,000 USD
401-942-0200
80 Briarwood Ave, Middletown, RI for Sale
$2,500,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

80 Briarwood Ave
Middletown, RI 02842


HIGHLIGHTS

  • Desirable location near Easton's Point
  • Versatile unit mix: (1) 4-bed townhouse, (1) studio apt, (3) one-bed apts, and (2) two-bed apts
  • 14 parking spaces

OVERVIEW

Investors & Developers Take Notice! An exceptional opportunity awaits with this distinctive 7-unit multi-family property in one of Middletown's most desirable locations, just moments from Newport's famed Easton's Beach and within walking distance to St. George's School. Set on two adjoining lots, totaling approximately one half acre, this property offers a rare combination of location, scale, income producing potential and future development possibilities. The property provides generous off-street parking and elevated views toward the beach, adding to its appeal and long term value. The versatile unit mix includes a four bedroom townhouse style apartment, one studio apartment, three one-bedroom apartments, and two two-bedroom apartments, creating a diverse rental portfolio with strong appeal to a variety of tenants. The property is serviced by natural gas heat, town water and town sewer. With its proximity to the beaches, Newport's prestigious St George's School and the area's many attractions, this is a property where location truly drives value. Whether seeking an established multifamily investment, an opportunity to enhance and reposition an existing asset, or exploring its long term investment potential, this unique offering presents an exciting opportunity in a highly sought after coastal market. Photos are a sampling of rooms throughout various units.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

7

PRICE/UNIT

$357,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,212 SF

ZONING

R-10

APN/PARCEL ID

MIDD-000115-S000000E-000322

ASK ABOUT THIS PROPERTY

Paul ZarrellaWilliams & Stuart Real EstateMore Info
401-942-0200

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Paul ZarrellaWilliams & Stuart Real EstateMore Info
401-942-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.