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    20 Middleton Avenue

    Newport, RI 02840
    • $1,300,000
    • STATUS: Active
    • ON SITE: 139 days
    • MLS #: 1280559
    UPDATED: 73 min ago
    $1,300,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Just painted exterior of building, trim, and doors in July 2021 and more to come and new pictures coming soon!! Here is a very unique investment opportunity in an exceptional location and well cared for by the current owners of over 22 years! Here is your chance to own a legal 5 unit multifamily home off Memorial Blvd West near Cliff Walk, Easton Beach, Tennis Hall of Fame, Ocean Drive, and downtown all in walking distance. There is immediate potential to expand the off street parking into the back yard huge bonus to this already desirable property. The current rents total $7950 but are below market and can be around $10,000 monthly as Tenancy at Will or Lease agreements. All five units are in good cosmetic condition consisting of a main level 3 bedroom apartment with 4 additional one bedroom apartments on the second and third floors. The hallways leading to the units are nicely maintained. The roof was replaced in June 2002 and most of the windows have been replaced with Harvey windows in June 2006. The home features a centralized energy star rated heating system with gas conversion in March 2008 and newer hot water tank. There are 3 circuit breaker panels that were updated in June 2006. Plenty of reasons here to own such a special investment property in a high demand Newport market with plenty of room to expand on the investment potential of this centrally located gem!

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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 Dave T Team @ RE/MAX Central 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 Dave T Team @ RE/MAX Central. 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: 2021-09-20T11:37:45.013.
    www.davetteam.com/homes/116693501
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    20 Middleton Avenue Newport, RI 02840

    • Price: $1,300,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 1280559
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1900
    Built
    County:
    Newport
    Area:
    Newport
    Property Description
    Just painted exterior of building, trim, and doors in July 2021 and more to come and new pictures coming soon!! Here is a very unique investment opportunity in an exceptional location and well cared for by the current owners of over 22 years! Here is your chance to own a legal 5 unit multifamily home off Memorial Blvd West near Cliff Walk, Easton Beach, Tennis Hall of Fame, Ocean Drive, and downtown all in walking distance. There is immediate potential to expand the off street parking into the back yard huge bonus to this already desirable property. The current rents total $7950 but are below market and can be around $10,000 monthly as Tenancy at Will or Lease agreements. All five units are in good cosmetic condition consisting of a main level 3 bedroom apartment with 4 additional one bedroom apartments on the second and third floors. The hallways leading to the units are nicely maintained. The roof was replaced in June 2002 and most of the windows have been replaced with Harvey windows in June 2006. The home features a centralized energy star rated heating system with gas conversion in March 2008 and newer hot water tank. There are 3 circuit breaker panels that were updated in June 2006. Plenty of reasons here to own such a special investment property in a high demand Newport market with plenty of room to expand on the investment potential of this centrally located gem!
    Exterior Features

    Architectural Style Multi-Family Construction Materials Frame Foundation Details Stone Levels Three Or More Parking Total 2

    Interior Features

    Cooling Window Unit(S) Heating CentralCommonGasHot Water

    Property Features

    Community Features Highway AccessMarinaNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S) Electric Circuit Breakers Land Lease YN No Laundry Features Common AreaIn Unit Lease Considered YN No Operating Expense 0 Owner Pays ElectricityExterior MaintenanceGasHeatHot Water Property Sub Type Commercial Road Frontage Type City Street Sewer Public Sewer Tax Annual Amount 8425 Tax Assessed Value 546400 Tax Lot 093 Tax Year 2020 Tenant Pays Cable Tv Utilities Natural Gas Connected Water Source PublicWater Tap Fee

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Bayshore's Capital And Re 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 Dave T Team @ RE/MAX Central 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 Dave T Team @ RE/MAX Central. 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: 2021-09-20T11:37:45.013.
     
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    Dave T Team @ RE/MAX Central
    37 Sandy Bottom Rd
    Coventry RI, 02816