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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $297
Subdivision Kay/Catherine
MLS Listing ID 1344952
Sold Date 03/15/24
Bedrooms 6
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 5,040
Year Built 1900
Annual Tax Amount $9,874
Tax Year 2024
Lot Size 5,113 Sqft
Acres 0.1174
Property Description
Don't miss this exceptional opportunity to own a piece of real estate in a coveted neighborhood. Whether you're looking for a profitable investment or a place to call home, this 6-UNIT MULTI-FAMILY property with condo conversion potential offers the best of both worlds. There are (6) one bedroom / one bath units plus a third-floor office with full bath. Off-street parking, SEPARATE UTILITIES, freshly painted exterior, full basement with coin-op washer and dryer, and outdoor deck space for each unit. Rents are below market rate: (1) vacant unit, (3) month-to-month units and (2) units with leases. This property boasts a convenient location in the Kay/Catherine neighborhood, close to essential and recreational amenities such as Bellevue Avenue Shopping Plaza and downtown Newport. See MLS #1345252 for commercial listing.
Location
State RI
County Newport
Community Kay/Catherine
Zoning R10
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Interior Features Tub Shower
Heating Baseboard, Electric
Cooling None
Flooring Hardwood
Fireplaces Type None
Fireplace No
Appliance Dryer, Electric Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
Laundry Common Area
Exterior
Exterior Feature Porch
Community Features Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Porch Porch
Total Parking Spaces 5
Garage No
Building
Foundation Combination
Sewer Connected, Public Sewer
Water Connected, Multiple Meters, Public
Structure Type Clapboard,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 24BRINLEYSTNEWP
Financing 1031 Exchange
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Bought with Gustave White Sotheby's Realty