Newport, RI 02840,28 Thurston AVE
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Newport, RI 02840,28 Thurston AVE
Newport, RI 02840,28 Thurston AVE
Newport, RI 02840,28 Thurston AVE
Newport, RI 02840,28 Thurston AVE

$605,000

Est. payment /mo

$610,000

0.8%
Est.Price: ?

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28 Thurston AVE Newport, RI 02840

5 Beds

4 Baths

5,431 SqFt

SOLD DATE : 03/05/2021

Key Details

Sold Price $605,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,431 sqft

Price per Sqft $111

Subdivision Upper Broadway

MLS Listing ID 1272537

Sold Date 03/05/21

Bedrooms 5

Full Baths 2

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 5,431

Year Built 1920

Annual Tax Amount $3,850

Tax Year 2020

Lot Size 3,206 Sqft

Acres 0.0736

Property Description

This large two-family home located within a quiet neighborhood just off Broadway has spacious units that provide an ideal layout for an owner-occupied, income-producing property. Or, it will perform well for an investor looking for a profitable multi-family with low maintenance yearly leases. Both units have private entrances, separate utilities, original hardwood floors, tall ceilings, and updated kitchens fully equipped with modern appliances. The first-floor unit has 2 bedrooms, 1.5 baths, a spacious living room, and a nice kitchen that opens to the dining room and foyer. The second-floor unit provides an open floor plan, 3 bedrooms, 1.5 baths, and a private deck. Unit 2 also has a great opportunity to substantially increase its size and rental income by converting the spacious third-floor walk-up into living space. With the third floor's high ceilings, you could add at least 500 sq ft of legal living space without a dormer or add a large shed dormer and create a stunning "owners unit." The third floor has already been plumbed for a full bath and wired with electricity. It is just waiting to be finished! Other property features include a shared backyard, just installed new oil boiler and hot water tank for unit 1, a new high-efficiency gas heating system for unit 2, separate electrical, and two water meters. The large dry basement offers tenants more than enough room for storage, or, for the owner-occupied buyer, an ideal workshop or home gym.

Location

State RI

County Newport

Community Upper Broadway

Zoning R10

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Permanent Attic Stairs, Tub Shower

Heating Gas, Hot Water, Oil

Cooling None

Flooring Hardwood

Fireplace No

Appliance Dryer, Dishwasher, Gas Water Heater, Oven, Oil Water Heater, Range, Washer

Laundry Common Area

Exterior

Utilities Available Sewer Connected

Garage No

Building

Foundation Concrete Perimeter

Sewer Connected

Water Connected

Structure Type Plaster,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 28THURSTONAVNEWP

Financing Cash

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Listed by Edge Realty RI, LLC
Bought with Edge Realty RI, LLC

Jeremy Bailey

Broker | License ID: RI, MA, CT

+1(401) 402-0289

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