Narragansett, RI 02882,85 Narragansett AVE
See all 42 photos
Narragansett, RI 02882,85 Narragansett AVE
Narragansett, RI 02882,85 Narragansett AVE
Narragansett, RI 02882,85 Narragansett AVE
Narragansett, RI 02882,85 Narragansett AVE

$975,000

Est. payment /mo

$975,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

85 Narragansett AVE Narragansett, RI 02882

7 Beds

4 Baths

3,556 SqFt

SOLD DATE : 01/03/2022

Key Details

Sold Price $975,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,556 sqft

Price per Sqft $274

Subdivision Narragansett Pier

MLS Listing ID 1295718

Sold Date 01/03/22

Bedrooms 7

Full Baths 3

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 3,556

Year Built 1926

Annual Tax Amount $4,924

Tax Year 2021

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Welcome to the "Boarding House" at 85 Narragansett Avenue steps from Narragansett Town Beach! The Roof is brand new!! The property is set up as a 3 family home and is zoned and permitted as a boarding house. First floor unit has 3 bedrooms and 1 and 1/2 bathrooms, eat in kitchen and a screened in front porch. Second floor has 2 bedrooms, 1 bathroom, eat-in kitchen. Third floor "loft" unit has 2 bedrooms and 1 bathroom with a quaint kitchen and living area. All full baths have in floor radiant heated tile. This home has beautiful hardwood flooring and laundry in the first floor hall for your guests convenience. There is a small grassy area in the back yard to gather and grill abutting the 6 parking spaces. Property has a strong Air BNB history with the average nightly rate topping $800, that is $70,000 in 12 weeks of rental income. Not to mention the Early birds, the labor day crowd, the September surfers and winter rentals. This property is an absolute cash cow. Everything within the 4 walls conveys, from the furnishings down to the plates. This is a commercial property. (MLS# 1295714)

Location

State RI

County Washington

Community Narragansett Pier

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, Oil

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood

Fireplace No

Laundry Common Area

Exterior

Community Features Recreation Area, Shopping, Tennis Court(s)

Utilities Available Sewer Connected

Waterfront Description Water Access,Walk to Water

Total Parking Spaces 6

Garage No

Building

Foundation Stone

Sewer Connected

Water Connected

Structure Type Wood Siding

New Construction No

Others

Senior Community No

Tax ID 85NARRAGANSETTAVNARR

Financing Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by RI Real Estate Services
Bought with HERE Realty

Jeremy Bailey

Broker | License ID: RI, MA, CT

+1(401) 402-0289

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.