41.483982
-71.31375
/listing/324642942-151408802/25-fair-st-newport-ri-02840
$1,295,000
Active
4 Bed
3 Full Bath
2,700Sqft
2,614Lot Size
Multi-Family in Newport
Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything – shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car (previously 3 car) garage with an available parking spot in front of the garage doors. And, best of all, the garage is an additional source of income. Multi-unit properties like this, and in a location as good as this, do not come on the market that often. Be sure to check out the 3d walk-through tour. Call now for a private showing.
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Main Features
- Listing Status: Active
- Year Built: 1881
- Garage: 2.0
- Rooms: 9
- Full Bath: 3
- County: Newport
- Taxes: $5,255.00
- MLS Number:1322678
Additional Features
-
Cooling:
- Individual Unit
-
Equipment:
- Dishwasher
-
Flooring:
- Hardwood
-
Interior Features:
- Skylight
- Stairs
-
Walls:
- Dry Wall
- Plaster
-
Bathroom Description:
- Bath w Tub & Shower
-
Laundry:
- Off Site
-
Inclusions:
- Currently only one unit rented (lease expires June 1, 2023). Owner has chosen to leave other unit vacant for the new owner. Garage is rented to Scooter World for $600/mo. (month to month lease)
-
Fireplace:
- None
-
Garage Type:
- Detached
-
Type:
- Up/Down
-
Basement Details:
- Full
-
Basement Entry:
- Interior and Exterior
-
Basement Finished:
- Unfinished
-
Basement Rooms:
- Utility
-
Foundation:
- Stone
-
Exterior:
- Shingles
-
Acres:
- 0.06
-
Close To:
- Bus
- Marina
- Public School
- Shopping
-
Electric:
- 100 Amps
-
Heating Fuel:
- Gas
- Oil
-
Heating Paid By:
- Tenant
-
Heating System:
- Baseboard
-
Hot Water:
- Individual
-
Sewer:
- Connected
-
Number of Buildings:
- 2
-
Water:
- Connected
-
Water Amenities:
- Walk to Salt Water
-
Above Grade SQFT:
- 2700
-
Basement Percent Finished:
- 0
-
Listing Website:
- www.jegroup.properties
-
Lot Size Sq Ft:
- 2614
-
Onsite Parking Spaces:
- 1
-
Total Parking Spaces:
- 3
Compensation Info
-
* Compensation Comments:
- 1.75% of the net sale to RI MLS Broker
-
* Compensation to Cooperating Broker:
- 1.75% net sale
- *Offer of Cooperative Compensation is made only to licensed brokers who are Participants in State-Wide MLS.
38 Red Oak Way
Wakefield
RI
02879
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