Description
Located on the edge of the beloved Point district and close to downtown Newport and all it has to offer, this multifamily with new heating systems, updated electrical panels, plenty of parking, a large backyard, and a pool offers so many possibilities. Boasting a successful rental history and currently functioning as a seasonal three-unit multifamily with separate utilities. Each rental unit is rented through May 26th: Unit 1 (2 bed/1 bath), Unit 2 (3 bed/1 bath), and Unit 3 (1 bed/1 bath). One may consider continuing to rent each unit separately as a seasonal rental or yearly rental, or they may choose to rent all three units together as a "6 bedroom/3 bathroom" summer rental house with a pool! A new owner may update each unit to maximize rental income or convert this multifamily home into a fabulous single-family with or without a pool. Excellent opportunity as an investment, owner-occupied multifamily, or possible conversion to a large single-family. Whatever option works for you, don't miss out on this great opportunity!
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6BEDS
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0.21ACRES
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3BATHS
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01/2 BATHS
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2,405SQFT
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$580$/SQFT
School Ratings & Info
Description
Located on the edge of the beloved Point district and close to downtown Newport and all it has to offer, this multifamily with new heating systems, updated electrical panels, plenty of parking, a large backyard, and a pool offers so many possibilities. Boasting a successful rental history and currently functioning as a seasonal three-unit multifamily with separate utilities. Each rental unit is rented through May 26th: Unit 1 (2 bed/1 bath), Unit 2 (3 bed/1 bath), and Unit 3 (1 bed/1 bath). One may consider continuing to rent each unit separately as a seasonal rental or yearly rental, or they may choose to rent all three units together as a "6 bedroom/3 bathroom" summer rental house with a pool! A new owner may update each unit to maximize rental income or convert this multifamily home into a fabulous single-family with or without a pool. Excellent opportunity as an investment, owner-occupied multifamily, or possible conversion to a large single-family. Whatever option works for you, don't miss out on this great opportunity!
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