28 Park Avenue, South Kingstown, RI, 02879
11 rooms
9 beds
3 Full baths
1903
Step into a piece of history with 28 Park Avenue, an iconic building nestled in the heart of Matunuck, RI. Built in 1903, this legendary property boasts multiple units that offer incredible potential for development and improvement. With its rich architectural heritage and prime location, this building presents an exceptional opportunity for investors looking to improve and capitalize on the area's growing demand for modern rental units. Currently offering a mix of studio, 1 and 2 bedrooms, the property holds untapped potential to significantly increase rents through strategic upgrades, renovations, and reimagination. Additionally, expired plans once proposed an additional structure for apartments on the property, highlighting the site's potential for expansion. Whether you're looking to restore the charm of its historic roots or modernize it to meet today's market demands, 28 Park Ave offers flexibility to transform it into a high-demand, high-return asset. The location is prime for development just moments away from Matunuck Beach, renowned dining spots, and a vibrant seaside community. With the right vision and improvements, 28 Park Ave could become one of the most sought-after properties in the area. Don't miss your chance to own a piece of Matunuck's storied past with endless possibilities for the future.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
R20
Garage:
No Garage
Heating:
Common, Oil
Cooling:
None
Basement:
Full, Partially Finished, Walk-Out Access
Parking:
12-car
Acreage:
0.77
Est. Taxes:
$9,992
Assessment
$969,700
Construction
Drywall,Plaster
View Description:
Saltwater,Water
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
Days on Market:
10
Appliances:
Oil Water Heater
MLS #:
1379709
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lila Delman Compass Phone: 401-789-6666