Solid investment property in Middletown, between West Main and East Main Road. This 2 family property boasts two, side by side two bedroom units, and has been gutted by the current owner. All new floors, kitchens and baths. Laundry in units, dishwashers, shared yard space. .. This property takes in $2500 per month, with room to increase rents. Tenants pay their own utilities. Stellar rental history.
Multi-familyProperty Type
1954Year Built
7,405 sq ftLot Size
$455Est. Price/Sq.Ft.
2 spacesParking
Listed by Scott Champagne• Legacy Real Estate Company
GREAT OPPORTUNITY FOR "AFFORDABLE" HOME OWNERSHIP. LIVE IN ONE SIDE AND RENT THE OTHER. THIS PROPERTY MUST BE SOLD TO AN OWNER OCCUPANT WHO WILL ABIDE BY CERTAIN AFFORDABLE HOUSING DEED RESTRICTIONS. MANY UPGRADES ALREADY COMPLETED!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Newport County
APN
13-A&BLUDLOWRDMDLT
Parking Spaces
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Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jan 20, 2023.
Property details
Parking
Parking
Features: No Garage
# of Parking (Total): 2
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
Room Information
# of Rooms (Total): 8
Basement Information: Unfinished
Laundry Information
Features: In Unit
Equipment
Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Washer
Interior Features
Flooring: Ceramic Tile, Laminate
Other Features: Tub Shower
Multi Unit Information
# Of Units Total: 2
# Of Buildings: 1
Exterior
Building Information
Stories (Total): 1
Construction Details: Drywall, Vinyl Siding
Exterior Features
Exterior Features: Paved Driveway
Other Structures: Outbuilding
Fencing: Fenced
Lot Information
Lot Size Area: 7,405
Lot Size Acres: 0.17
Zoning: R-10
Property Information
Above Grade Finished Area: 1,426
Foundation Details: Slab
Financial
Assessments and Fees
Assessed Value: $208,400
Tax Information
Annual Tax Amount: $2,400
Tax Year: 2020
Rental Information
Tenant Pays: Hot Water
Utilities
Utility Information
Utilities: Sewer Connected, Water Connected
Electric: 100 Amp Service
Sewer: Connected, Public Sewer
Water Source: Connected, Public
Heating & Cooling
Has Heating
Heating: Forced Air, Gas
Location
HOA Information
Monthly
Community Information
Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Newport County
APN: 13-A&BLUDLOWRDMDLT
Home facts updated by county records on Jan 20, 2023
Around this home
Schools
Forest Avenue School
Public K-3 • Assigned • 0.3mi
8/10
Joseph H. Gaudet School
Public 6-8 • Assigned • 0.7mi
7/10
Middletown High School
Public 9-12 • Assigned • 0.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 90° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Middletown, RI • 02842
Average low and high temperatures (°F)
36
24
37
25
48
34
56
42
64
52
76
61
79
67
76
62
72
59
64
51
54
41
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$617,000 – $746,000
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