North Kingstown Apartments

  • Title

    Re-Development Property

  • City

    North Kingstown, RI

  • Price

    $1,400,000

  • Cap Rate

    4.0%

  • Gross Leasable Area

    99,317 SF

  • No. Units

    15

  • Price/SF

    $14.09

  • Price/Unit

    $93,333

  • Year Built

    1948

  • Lot Size

    2.28AC

  • Building Size

    .78 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Tower Hill Road apartments at 1105 Tower Hill Rd, North Kingstown, RI 02852. The subject property is conveniently located at the interchange of Route 4 and Route 1 with a quick 30-minute drive to downtown Providence.

The subject property is a 2.28 acre lot with improvements of seven free standing buildings; nine occupied residential units and one vacant 6-unit building that was recently condemned; plans have been drawn up to replace it.

1105 Tower Hill Rd offers an investor the opportunity to add value through raising rents and/or re-developing one or more buildings on nearly 100,000 SF of land.

North Kingstown is located in Washington County and has a population of approximately 22,000 people. The median household income in $83,887. Wickford Junction is a terminus station on the Providence/Stoughton Commuter Rail Line, providing week day service to Providence Station and Boston’s South Station.

All interested and qualified parties will have an opportunity to tour the property during scheduled appointments and obtain additional information upon request.

North Kingstown, Washington County, RI

North Kingstown Apartments Offering Memo