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Key Details
Sold Price $955,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Water Street
MLS Listing ID 1280651
Sold Date 07/15/21
Maintenance Fees $20,473
HOA Y/N No
Year Built 1927
Annual Tax Amount $8,281
Tax Year 2020
Lot Size 0.770 Acres
Acres 0.77
Property Description
Highly sought after Sakonnet View Apartments. This seven unit, residential building is perched on an idyllic, 3/4 acre lot overlooking the Sakonnet River. The possibilities are endless. This investment property has a very strong rental history. Six, one bedroom units, and one two bedroom unit. Many of these units featuring picture windows overlooking the water. Plenty of parking. A sprawling lawn just steps from the water. Most units leased till the end of November 2021. Financials available. Property has been well maintained over the years. Well maintained property with recent updates.
Location
State RI
County Newport
Community Water Street
Zoning R20
Rooms
Basement Full
Interior
Heating Baseboard, Individual
Cooling None
Furnishings Unfurnished
Laundry Common Area
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Not Available, Municipal Utilities, Water Connected
View Y/N Yes
View Water
Total Parking Spaces 7
Building
Story 4
Foundation See Remarks
Sewer Septic Tank
Water Connected, Public
Level or Stories 4
New Construction No
Others
Tax ID 177WATERSTPORT
Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Fire Sprinkler System,Smoke Detector(s)
Financing Cash
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Bought with Patriot Realty, Inc.