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    79 East Main Road

    Portsmouth, RI 02871
    • $695,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 1265283
    UPDATED: 54 min ago
    $695,000
    • 6
      BEDS
    • 0.86
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 6,251
      SQFT
    • $111
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    Great investment opportunity that is currently run as a successful air b-n-b for weekly, nightly and long weekend rental. The business is up and running and the package is sold turn-key with all appliances, furniture and furnishings to transfer with the sale. With documented income of $90,000 - $105,000 for the last 2 years, this legal 3-unit with 6 bedrooms and 3 bathrooms was recently updated. Sited on a large lot with plenty of parking, the guest house is separate from neighboring properties, and with a brand new 6-bedroom septic, newer utilities and stress-free siding, the property has very low maintenance costs. Close to Middletown beaches and golf and only 10 minutes to downtown Newport. Terrific opportunity for the savvy investor.

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    © 2020 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: 2020-10-23T16:37:55.52.
    www.davetteam.com/homes/110325770
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    79 East Main Road Portsmouth, RI 02871

    • Price: $695,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 1265283
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.86
    Acres
    6,251
    SQFT
    $111
    $/SQFT
    1910
    Built
    Neighborhood:
    South Portsmouth
    County:
    Newport
    Area:
    Portsmouth
    Property Description
    Great investment opportunity that is currently run as a successful air b-n-b for weekly, nightly and long weekend rental. The business is up and running and the package is sold turn-key with all appliances, furniture and furnishings to transfer with the sale. With documented income of $90,000 - $105,000 for the last 2 years, this legal 3-unit with 6 bedrooms and 3 bathrooms was recently updated. Sited on a large lot with plenty of parking, the guest house is separate from neighboring properties, and with a brand new 6-bedroom septic, newer utilities and stress-free siding, the property has very low maintenance costs. Close to Middletown beaches and golf and only 10 minutes to downtown Newport. Terrific opportunity for the savvy investor.
    Exterior Features

    Construction Materials DrywallVinyl Siding Covered Spaces 0 Garage YN No Parking Features None Parking Total 8

    Interior Features

    Appliances Oil Water Heater Basement Exterior EntryFullInterior EntryUnfinished Basement YN Yes Cooling 1 Unit Fireplace Features Masonry Fireplace YN Yes Fireplaces Total 2 Flooring Ceramic TileHardwood Heating Hot WaterOil Interior Features Tub Shower

    Property Features

    Electric 200+ Amp Service Land Lease YN No Laundry Features In Unit Operating Expense 20000 Property Sub Type Multi Family Senior Community YN No Sewer Septic Tank Tax Annual Amount 4202 Tax Assessed Value 408800 Tax Lot 46 Tax Year 2020 Water Source Public Zoning R30

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Lila Delman Real Estate.





    © 2020 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: 2020-10-23T16:37:55.52.
     
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    Dave T Team @ RE/MAX Central
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    Coventry RI, 02816