Large Downtown Newport 8 bedroom 5 full bath multi-family currently on the seasonal rental cycle with projected rents of $75K- $80K annually! Situated in an ideal downtown location providing investors the flexibility to capitalize on season rentals or yearly! A one minute walk to Thames or Washington Square but just north of the downtown traffic. An easy commute to the Newport Bridge or Navy Base. The property provides 6 off street parking spots, 2 brand new modern kitchens, spacious bedrooms, separately metered utilities, brand new gas heating system, large front porch, and new stone patio and landscaping! Built in 1810 this classic mansard roofed 2 family is full of period details that reflect it's historic character but sits just outside the historic zone and not in a flood zone reducing annual costs. The first floor unit has 3 large bedrooms and one bath with private entrance. The second and third floor unit has 5 bedrooms, 4 full baths, private entrance, 2 living rooms and bar with stove top on the third floor makes this layout ideal for roommates! Rental rates below reflect this winter's leases only September 2017-May 2018.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
