$825,000
$899,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
222 Prospect AVE Middletown, RI 02842
8 Beds
3 Baths
2,249 SqFt
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,249 sqft
Price per Sqft $366
Subdivision Easton'S Point
MLS Listing ID 1229625
Sold Date 09/30/20
Bedrooms 8
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,249
Year Built 1930
Annual Tax Amount $8,208
Tax Year 2018
Lot Size 1.860 Acres
Acres 1.86
Property Description
Updated interior photos and floor plans--- The unique Sea Whale cottages offer an investment opportunity for weekly rentals, a family compound, or owner-occupied property with the ability for good income. The 3 units have seasonal revenues potential from April through October of approximately $6K a week. All cottages have their own utilities, including heat, and may be rented off-season. The property is located one mile from Second Beach. Restaurants and beaches are nearby. The grounds of these cottages are immaculate. Each cottage has its own driveway, picnic table. etc. The property has its own new well that provides water to all units. The 1.86 ac of land has beautiful plantings and grapevines on the parklike grounds. Units are turnkey furnished with stoves, refrigerators, washers, and dryers.The heated garages/workshop provide space for cars, equipment, and winter storage. The nearly 2-acre parcel provides privacy and may offer an opportunity for expansion. A sub-divison may be possible. This property must be seen to be appreciated. The owners have painstakingly cared for it. Pictures tell a thousand words.
Location
State RI
County Newport
Community Easton'S Point
Zoning R40
Rooms
Basement Exterior Entry, Interior Entry, Partial, Unfinished
Interior
Interior Features Attic, Permanent Attic Stairs, Tub Shower, Furnished, Cable TV, Wood Burning Stove
Heating Electric, Forced Air, Hot Water, Oil
Cooling Ductless, Window Unit(s)
Flooring Ceramic Tile, Hardwood, Laminate, Wood, Carpet
Fireplaces Type None
Furnishings Furnished
Fireplace No
Appliance Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
Laundry In Unit
Exterior
Exterior Feature Paved Driveway
Garage Attached
Garage Spaces 4.0
Fence Security
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
Utilities Available Sewer Connected
Waterfront Description Walk to Water
Total Parking Spaces 13
Garage Yes
Building
Lot Description Private, Secluded, Wooded
Foundation Concrete Perimeter
Sewer Connected
Water Well
Additional Building Outbuilding
Structure Type Drywall,Plaster,Other,Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 222PROSPECTAVMDLT
Financing Conventional
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Bought with RE/MAX Profnl. Newport, Inc.