$1,300,000

Address:"20" "Middleton Ave"

Newport, Newport "02840"

Status :
Style :
Living area : sqft
Total rooms :	No. of Bedrooms :
Full Bath(s) :	Half Bath(s) :
Garage(s) :	Garage Style :
Basement : No	Lot Size : 5580 sqft/0.13 Acre

Property Details : "Here is a very unique investment opportunity in an exceptional location and well cared for by the current owners of over 22 years! Here is your chance to own a legal 5 unit multifamily home off Memorial Blvd West near Cliff Walk, Easton Beach, Tennis Hall of Fame, Ocean Drive, and downtown all in walking distance and completely occupied. There is immediate potential to expand the off street parking into the back yard huge bonus to this already desirable property. All five units are in good cosmetic condition consisting of a main level 3 bedroom apartment with 4 additional one bedroom apartments on the second and third floors. The hallways leading to the units are nicely maintained. The roof was replaced in June 2002 and most of the windows have been replaced with Harvey windows in June 2006. The exterior could use a repaint (in the works!) vinyl siding if a buyer prefers but so worth the investment potential here. The rents are well below market and great seasonal potential!"

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