Rare opportunity to own a well-maintained, income-producing property in a Prime Newport location. The property offers a strong year-round cash flow with a zero-vacancy history. The property has been professionally managed and maintained. Looking to the future, there is potential for an increase in both summer and winter rental income, along with the possible creation of a separate third unit/owners suite on the top floor. This spacious downtown two-family includes a single-level, three-bedroom first-floor unit. The second unit spans the second and third floors and features five bedrooms, two full bathrooms, and a deck. Additional highlights include separate utilities, newer gas heat, and a three-year-old roof. Enjoy an easy walk to restaurants, shops, the waterfront, and downtown Newport attractions.
| Location | |
|---|---|
| City/Town | Newport |
| County | Newport |
| Interior | |
|---|---|
| Living Area | 4,234 sq. ft. |
| Rooms | 14 |
| Heating | Oil, Forced Water |
| Cooling | Window Unit(s) |
| Interior Features | Wall (Dry Wall), Wall (Plaster), Skylight, Stairs, Plumbing (Mixed) |
| Additional Information | |
|---|---|
| Tax Assessment | $994,100 |
| Zoning | R-10 |
| Exterior | |
|---|---|
| Acreage | 0.04 |
| Exterior Features | Balcony, Deck |
Information is deemed reliable but is not guaranteed.
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