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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,256 sqft
Price per Sqft $414
Subdivision Yachting Village
MLS Listing ID 1300327
Sold Date 07/06/22
Bedrooms 8
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,256
Year Built 1870
Annual Tax Amount $6,717
Tax Year 2021
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Located in the heart of Newport, this property can continue to be the great investment property it has been for generations, or it could become a new family compound. Its present use is 3 residential rental units plus 1 commercial space which houses an active cafe and sandwich shop. At the rear of the property is a separate structure with 5 garage bays. There is plenty of parking on the premises as well as adequate off-street parking out front. Two of the residential units are currently rented - the owners have held off renting the third leaving it for the new owner to decide. Hardwood floors are throughout the building keeping up with the charm of the 1870 built home. Future plans could include an expansion over the garage bays or conversion back to a single-family home. The possibilities for the property are truly endless all while continuing to have great income generating investment potential.
Location
State RI
County Newport
Community Yachting Village
Rooms
Basement Interior Entry, Partial, Partially Finished
Interior
Heating Hot Water, Oil
Cooling None
Flooring Ceramic Tile, Hardwood
Fireplaces Type None
Fireplace No
Appliance Oven, Oil Water Heater, Range, Refrigerator
Exterior
Exterior Feature Paved Driveway
Parking Features Detached
Garage Spaces 5.0
Community Features Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
Utilities Available Sewer Connected
Waterfront Description Walk to Water
View Y/N Yes
View Saltwater, Water
Total Parking Spaces 11
Garage Yes
Building
Foundation Concrete Perimeter, Stone
Sewer Connected
Water Connected
Structure Type Drywall,Plaster,Clapboard
New Construction No
Others
Senior Community No
Tax ID 382SPRINGSTNEWP
Financing Private
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