52 Narragansett AV, Narragansett, Rhode Island 02882

$1,100,000
8
BD
3
BA
List Price
$1,100,000
MLS#
1228975
Status
ACTIVE
Type
Multifamily
City
Narragansett
County
Washington
Neighborhood
Narragansett Pier
Bedrooms
8
Full Baths
3
Bathrooms Total
3
Year Built
1900
Acres
0.325
Lot Size SqFt
14,157

Property Description

INVESTORS & LARGE BEACH HOME BUYERS - This magnificent, restored, Classic Victorian is Only 1 Block to the Narragansett Town Beach and set on 1/3 acre in the heart of the Historic Pier. Only 2 blocks to The Towers, Beach Clubs, Restaurants and Shops, this is an Ideal location for wedding families/wedding parties and large event tents. On-site parking for 10 cars with a public parking lot only 500 ft. away. A 15 year rental income history, and turn-key operation position it for over $100,000 in annual revenue accommodating 20 or more people. A legal 2-family, but traditionally operated as a single family house, with 8 bedrooms, 3 baths, 2 kitchens and 2 living rooms. Two bedrooms, a kitchen, bath and living room on each of the 1st & 2nd floors. 3rd floor has four bedrooms and a full bath.

Additional Information

Annual Income
110000
Annual Expenses
15000
Exterior
Balcony, Deck, Insulated Glass Windows, Masonry, Patio, Storm Door, Storm Window, Vinyl Siding
Interior
Attic, Attic Storage, Stairs
Equipment
Barbecue Grill, Cable TV, Ceiling Fan, Dishwasher, Dryer, Exhaust Fan, Hood, Microwave, Oven/Range, Refrigerator, Washer
Electric
200 Amps, Individual Meter
Cooling
Window Units
Sewer
Connected, Municipal
Plumbing
Mixed
Water
Connected, Municipal

Mortgage Calculator

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Listing courtesy of www.EntryOnly.com.

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