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    32 Dearborn Street

    Newport, RI 02840
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 6 days
    • MLS #: 1284970
    Under Contract
    UPDATED: 136 min ago
    $1,395,000
    • 4
      BEDS
    • 0.12
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,239
      SQFT
    • $431
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Currently zoned as a 5-Unit residential property but building layout easily lends itself to combine units to three or four larger units if desired. Detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Total monthly gross rent is $7,791. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Laundry brings in about $2,000/year. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey.

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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: 2021-06-14T23:37:35.113.
    www.davetteam.com/homes/118029131
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    32 Dearborn Street Newport, RI 02840

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 136 min ago
    • MLS #: 1284970
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,239
    SQFT
    $431
    $/SQFT
    1900
    Built
    Neighborhood:
    Yachting Village
    County:
    Newport
    Area:
    Newport
    Property Description
    Currently zoned as a 5-Unit residential property but building layout easily lends itself to combine units to three or four larger units if desired. Detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Total monthly gross rent is $7,791. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Laundry brings in about $2,000/year. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey.
    Exterior Features

    Construction Materials DrywallShingle SidingWood Siding Covered Spaces 2 Exterior Features Paved Driveway Fencing Fenced Foundation Details CombinationStone Garage YN Yes Parking Features DetachedGarageGarage Door Opener Parking Total 8 View Water View YN Yes Waterfront Features Walk To Water

    Interior Features

    Appliances Common Water HeaterDryerDishwasherExhaust FanGas Water HeaterOvenRangeRefrigeratorWater HeaterWasher Basement FullUnfinished Basement YN Yes Cooling None Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic TileHardwoodVinyl Heating BaseboardGasHot WaterZoned Interior Features Tub Shower Window Features Thermal Windows

    Property Features

    Attached Garage YN No Community Features GolfMarinaNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S)Sidewalks Electric Circuit Breakers440 Volts Land Lease YN No Laundry Features Common Area Operating Expense 30434 Owner Pays Hot Water Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 10002 Tax Assessed Value 715000 Tax Lot 199 Tax Year 2021 Utilities Sewer Connected Water Source Connected Zoning R10

    Listing information © 2021 State-Wide Multiple Listing Service.
    Listing provided courtesy of Lila Delman Compass.





    © 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: 2021-06-14T23:37:35.113.
     
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    Coventry RI, 02816