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523 Thames Street

Newport, RI 02840
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 82 Days
  • MLS #: 1315424
Under Contract
UPDATED: 50 min ago
$2,250,000
  • 8
    BEDS
  • 0.06
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
  • 4,596
    SQFT
  • $490
    $/SQFT
Type:
Multi-Family
Built:
1899
County:
Area:

School Ratings & Info

Description

This property is a legal mixed-use commercial 4 unit building. First floor has a one bedroom apartment and a small office or retail space. Second floor is a 3 bed 1.5 bath apartment and the third floor is a 3 bedroom 2 bath, both of which are rented for short term rentals with proven financial history. Excellent downtown location with 4 parking spots, patio area, deck, and a brand-new heating system and roof. Potential for a roof top deck with harbor views. Don't miss out on this incredible investment opportunity!

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© 2022 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 Forever Homes Real Estate, LLC 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 Forever Homes Real Estate, LLC. 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: 2022-10-04T21:37:49.76.
www.foreverhomesrealestate.net/homes/130848655
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523 Thames Street Newport, RI 02840

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 82 Days
  • Updated: 50 min ago
  • MLS #: 1315424
8
Beds
5
Baths
1
½ Baths
0.06
Acres
4,596
SQFT
$490
$/SQFT
1899
Built
County:
Newport
Area:
Newport
Property Description
This property is a legal mixed-use commercial 4 unit building. First floor has a one bedroom apartment and a small office or retail space. Second floor is a 3 bed 1.5 bath apartment and the third floor is a 3 bedroom 2 bath, both of which are rented for short term rentals with proven financial history. Excellent downtown location with 4 parking spots, patio area, deck, and a brand-new heating system and roof. Potential for a roof top deck with harbor views. Don't miss out on this incredible investment opportunity!
Exterior Features

Construction Materials Aluminum SidingShingle Siding Covered Spaces 0 Garage YN No Parking Features No Garage Parking Total 4 Waterfront Features Walk To Water

Interior Features

Appliances DryerDishwasherElectric Water HeaterRefrigeratorWasher Basement Exterior EntryFullInterior EntryUnfinished Basement YN Yes Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating GasHot Water Interior Features Tub Shower

Property Features

Community Features MarinaShopping Electric 100 Amp Service Inclusions Income And Expenses Can Be Provided Upon Request. Land Lease YN No Laundry Features Common Area Operating Expense 50000 Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Structure Type Apartment Tax Annual Amount 12459 Tax Assessed Value 890600 Tax Lot 124 Tax Year 2021 Water Source Public Zoning Wb

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Re/Max Profnl. Newport, Inc.: 401-849-0100.





© 2022 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 Forever Homes Real Estate, LLC 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 Forever Homes Real Estate, LLC. 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: 2022-10-04T21:37:49.76.
 
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