This two-unit, side by side duplex has great income potential. Originally designed as officer housing in the 1940s for Quonset, the classic homes in the neighborhood have since been converted into residential rental properties. The current owner has done many updates over the years, including a new roof in 2018. Inside, the first level consists of a living room, kitchen and dining area. Upstairs you will find two nicely sized bedrooms and a full bath. Outside, each unit has their own individual rear deck that overlooks the large, private fenced in backyard. The neighborhood has a very walkable feel to it with sidewalks throughout the area. This particular home is located a very short walk away from a beautiful park that includes a jungle gym, playing fields and walking areas. There is shopping at the end of the street with a bus stop nearby for easy commuting. The current rents provide $26,400 in gross yearly rental income for the owner, with tenants paying all their own utilities. A small adjustment to the rents could very easily see the yearly income jump to $31,200, which is more in line with rents throughout North Kingstown. This is a great opportunity as an owner-occupied property or to be used as an investment.
Listing courtesy of J.E. Group Properties.
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