$580,000
$549,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
1,974 SqFt
SOLD DATE : 12/17/2021
Key Details
Sold Price $580,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,974 sqft
Price per Sqft $293
Subdivision The Point
MLS Listing ID 1297892
Sold Date 12/17/21
Bedrooms 5
Full Baths 2
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 1,974
Year Built 1900
Annual Tax Amount $4,600
Tax Year 2020
Lot Size 1,180 Sqft
Acres 0.0271
Property Description
Looking for an opportunity to own property in the Point? Look no further than here. This two-family home has a two-bedroom first floor unit with an eat-in kitchen, small living room and comfortably sized full bath. The second story unit consists of two floors, with the lower level offering an eat-in kitchen, living room, bedroom and full bath. The upper level features two bedrooms and a half bath. Two Velux skylights bring lots of natural light to the second level landing and bath.
Surrounded by stunning homes, this forgotten gem could easily be returned to a single-family home, or renovated and kept as a two-family home bringing in high end summer rentals and winter rentals. Located a couple of blocks from the harbor, Washington Square and other Newport attractions, the potential for this property is worth taking a look at. Live in it while renovating, rent one unit while working on the other. The house has consistently brought in annual and summer/winter rentals for many years (first floor unit has been an annual rental, second floor unit's rent reflects summer and winter rates combined. Both apartments have been rented under market rates). Investors take note!!
Location
State RI
County Newport
Community The Point
Zoning R10
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Interior Features Skylights, Tub Shower
Heating Baseboard, Hot Water, Oil
Cooling Window Unit(s)
Flooring Hardwood, Vinyl
Fireplaces Type None
Fireplace No
Window Features Skylight(s)
Appliance Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
Laundry Common Area
Exterior
Community Features Marina, Near Hospital, Public Transportation, Shopping, Sidewalks
Utilities Available Sewer Connected
Waterfront Description Walk to Water
Garage No
Building
Lot Description Corner Lot
Foundation Stone
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Plaster,Wood Siding,Shingle Siding
New Construction No
Others
Senior Community No
Tax ID 10CROSSSTNEWP
Financing Cash
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Bought with Edge Realty RI, LLC
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