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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,966 sqft
Price per Sqft $214
Subdivision Downtown
MLS Listing ID 1284469
Sold Date 09/27/21
Bedrooms 3
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,966
Year Built 1860
Annual Tax Amount $4,020
Tax Year 2021
Lot Size 1,123 Sqft
Acres 0.0258
Property Description
Exceptionally sited in downtown Newport and within the General Business zone is this historical and unique mixed-use offering. Located just steps out your front door to the restaurants and shops of Broadway and minutes to Washington Square, Newport Harbor this 3 unit property is a great investment.
The first floor is comprised of a large and bright open concept office space featuring period detail, high ceilings, conference space private bath and kitchenette. Opportunity exists to divide into 2 spaces if desired.
The apartments above are accessed via large shared deck space overlooking the historic garden next door and tucked back from the street for privacy. Unit 2 is a spacious and charming 1 bedroom, 1 full bath apartment featuring flexible floorplan, large sunny living room with beautiful decorative fireplace and kitchen with generously sized storage pantry. Unit 3 is a bright and welcoming 2 bedroom, 1 full bath apartment with original hardwood flooring and paneled ceiling.
Strong rental history and tenants in place make this an inviting and turnkey investor opportunity to immediately start generating income while retaining the flexibility to live or work on site in the future.
Location
State RI
County Newport
Community Downtown
Zoning GB
Rooms
Basement Exterior Entry, Interior Entry, Partial, Unfinished
Interior
Interior Features Bathtub, Tub Shower, Cable TV
Heating Gas
Cooling None
Flooring Ceramic Tile, Hardwood, Laminate
Fireplaces Number 1
Fireplace Yes
Appliance Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
Exterior
Exterior Feature Deck
Community Features Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
Utilities Available Sewer Connected, Water Connected
Waterfront Description Walk to Water
Porch Deck
Garage No
Building
Lot Description Corner Lot
Foundation Combination
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Drywall,Plaster,Clapboard,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 21SPRINGSTNEWP
Financing Cash
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