Description
Investors! A rare Newport 4-family in an Opportunity Zone located within a quiet nieghborhood perfectly situated between downtown Newport and the upcoming North End economic developments. Sitting on a 10,000 sq ft lot, this property provides plenty of off street parking for each unit and the large side yard offers an ideal location to possibly build a decently sized garage. Each unit has separate electric, gas heat, and hot water, enabling tenants to be responsible for paying their own utilities. Many recent improvements, including 4 new gas boilers, 4 hot water tanks, and updated electrical and plumbing. Turn key, fully occupied building, with strong potential to support higher rents with minor interior upgrades.
-
4BEDS
-
0.23ACRES
-
4BATHS
-
01/2 BATHS
-
3,209SQFT
-
$257$/SQFT
School Ratings & Info
Description
Investors! A rare Newport 4-family in an Opportunity Zone located within a quiet nieghborhood perfectly situated between downtown Newport and the upcoming North End economic developments. Sitting on a 10,000 sq ft lot, this property provides plenty of off street parking for each unit and the large side yard offers an ideal location to possibly build a decently sized garage. Each unit has separate electric, gas heat, and hot water, enabling tenants to be responsible for paying their own utilities. Many recent improvements, including 4 new gas boilers, 4 hot water tanks, and updated electrical and plumbing. Turn key, fully occupied building, with strong potential to support higher rents with minor interior upgrades.
© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Edge Realty RI are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Edge Realty RI. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-04-14T09:38:13.31.