58 Allston Avenue, Middletown, RI 02842 â A rare, fully licensed and turn key short term rental investment in coveted Eastonâs Point. This legal 5 bedroom, 3 bath single family home is a proven income producer, generating approximately $94,000 in annual gross revenue, and is being offered fully furnished with all furniture, fixtures, decorations, linens, kitchenware, and guest amenities included so the new owner can continue STR operations immediately. The âCoastal Charm Beach Houseâ enjoys a prime location in the Eastonâs Point neighborhoodâjust a short walk to Sachuest Beach(2nd Beach), Eastonâs Beach (First Beach) and the Newport Cliff Walk, and only about 2â2.5 miles to downtown Newportâs restaurants, shops, and waterfront attractions. This balance of beach access and proximity to downtown makes it especially appealing to summer visitors, event guests, and year round travelers seeking a classic Newport area experience.
| Location | |
|---|---|
| City/Town | Middletown |
| County | Newport |
| Community Features | Bus, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Schools, Shopping, Near Swimming, Tennis |
| Interior | |
|---|---|
| Living Area | 1,242 sq. ft. |
| Rooms | 8 |
| Heating | Oil, Baseboard, Central Air, Forced Air, Forced Water, Zoned |
| Cooling | Ductless |
| Interior Features | Wall (Plaster), Plumbing (Copper), Insulation (Ceiling), Insulation (Walls) |
| Additional Information | |
|---|---|
| Tax Assessment | $847,400 |
| Zoning | RES |
| Exterior | |
|---|---|
| Acreage | 0.1446 |
| Waterfront Features | Walk to Fresh Water, Walk to Salt Water |
Information is deemed reliable but is not guaranteed.
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