28 Young Street, Newport, RI, 02840
12 rooms
6 beds
3 Full baths
1885
Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
In Unit
Units:
3
Zoning:
R10
Subdivision:
Thames Spring
Garage:
2-car Detached, Garage
Heating:
Baseboard, Gas
Cooling:
Window Unit(s)
Basement:
Full, Unfinished
Parking:
5-car
Acreage:
0.08
Est. Taxes:
$6,473
Assessment
$901,900
Construction
Drywall,Wood Siding
Utilities
Sewer Connected
Amenities:
Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
18
Appliances:
Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
MLS #:
1395235
Community Info
School Info
Walk Score
Mass Transit
Yelp
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