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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $274
Subdivision Narragansett Pier
MLS Listing ID 1295718
Sold Date 01/03/22
Bedrooms 7
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,556
Year Built 1926
Annual Tax Amount $4,924
Tax Year 2021
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Welcome to the "Boarding House" at 85 Narragansett Avenue steps from Narragansett Town Beach! The Roof is brand new!! The property is set up as a 3 family home and is zoned and permitted as a boarding house. First floor unit has 3 bedrooms and 1 and 1/2 bathrooms, eat in kitchen and a screened in front porch. Second floor has 2 bedrooms, 1 bathroom, eat-in kitchen. Third floor "loft" unit has 2 bedrooms and 1 bathroom with a quaint kitchen and living area. All full baths have in floor radiant heated tile. This home has beautiful hardwood flooring and laundry in the first floor hall for your guests convenience. There is a small grassy area in the back yard to gather and grill abutting the 6 parking spaces. Property has a strong Air BNB history with the average nightly rate topping $800, that is $70,000 in 12 weeks of rental income. Not to mention the Early birds, the labor day crowd, the September surfers and winter rentals. This property is an absolute cash cow. Everything within the 4 walls conveys, from the furnishings down to the plates. This is a commercial property. (MLS# 1295714)
Location
State RI
County Washington
Community Narragansett Pier
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Oil
Cooling Window Unit(s)
Flooring Ceramic Tile, Hardwood
Fireplace No
Laundry Common Area
Exterior
Community Features Recreation Area, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Waterfront Description Water Access,Walk to Water
Total Parking Spaces 6
Garage No
Building
Foundation Stone
Sewer Connected
Water Connected
Structure Type Wood Siding
New Construction No
Others
Senior Community No
Tax ID 85NARRAGANSETTAVNARR
Financing Conventional
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Bought with HERE Realty