$605,000
$610,000
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28 Thurston AVE Newport, RI 02840
5 Beds
4 Baths
5,431 SqFt
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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Bought with Edge Realty RI, LLC