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5 Ann Street

Newport, RI 02840
  • $969,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 1295332
$969,000
  • 7
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,408
    SQFT
  • $402
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Introducing a turn key 2-family investment property in the heart of Downtown Newport. This property has been meticulously maintained with a myriad of improvements over recent years and offers the savvy investor an opportunity to own a cash cow located in the coveted Lower Thames neighborhood. Both units feature 9 foot ceilings, original hardwood floors, vinyl windows, granite countertops, stainless steel appliances, recessed lighting, in unit washer/dryer, tankless Navien boilers, and a generous backyard area to enjoy Newport evenings. Unit 1 has two large bedrooms with ample natural sunlight, a large living room, eat-in kitchen, and one full bath. Unit 2 is a sprawling five-bedroom townhouse style apartment with a second-floor deck overlooking Thames St, two large living rooms to entertain guests, and two full bathrooms. The property has an incredibly strong rental history with both winter and summer tenants and is a true turn key investment generating $80,000 per year in revenue and $61,000 in NOI. The location and quality of this property make it a gem and a fantastic opportunity to own a piece of Downtown Newport!

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© 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: 2021-10-25T23:37:31.84.
www.edgerealtyri.com/homes/122063278
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5 Ann Street Newport, RI 02840

  • Price: $969,000
  • Status: Active
  • MLS #: 1295332
7
Beds
3
Baths
0
½ Baths
0.05
Acres
2,408
SQFT
$402
$/SQFT
1900
Built
County:
Newport
Area:
Newport
Property Description
Introducing a turn key 2-family investment property in the heart of Downtown Newport. This property has been meticulously maintained with a myriad of improvements over recent years and offers the savvy investor an opportunity to own a cash cow located in the coveted Lower Thames neighborhood. Both units feature 9 foot ceilings, original hardwood floors, vinyl windows, granite countertops, stainless steel appliances, recessed lighting, in unit washer/dryer, tankless Navien boilers, and a generous backyard area to enjoy Newport evenings. Unit 1 has two large bedrooms with ample natural sunlight, a large living room, eat-in kitchen, and one full bath. Unit 2 is a sprawling five-bedroom townhouse style apartment with a second-floor deck overlooking Thames St, two large living rooms to entertain guests, and two full bathrooms. The property has an incredibly strong rental history with both winter and summer tenants and is a true turn key investment generating $80,000 per year in revenue and $61,000 in NOI. The location and quality of this property make it a gem and a fantastic opportunity to own a piece of Downtown Newport!
Exterior Features

Construction Materials Clapboard Covered Spaces 0 Garage YN No Parking Features No Garage Parking Total 0

Interior Features

Appliances Gas Water Heater Basement Exterior EntryInterior EntryPartialUnfinished Basement YN Yes Cooling None Fireplace YN No Fireplaces Total 0 Flooring Ceramic TileHardwood Heating GasHot Water

Property Features

Electric 100 Amp Service200+ Amp Service Land Lease YN No Operating Expense 10000 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 4912 Tax Assessed Value 526600 Tax Lot 201 Tax Year 2020 Utilities Sewer Connected Water Source Connected

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Re/Max Profnl. Newport, Inc..





© 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: 2021-10-25T23:37:31.84.
 
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