Investors take note Legal 4 unit property located in the Fifth Ward. This property has two separate buildings on one lot. The building closest to the street is the rental property. The second building lends itself to being a great owner-occupied property .Live for free, or rent it out for positive cash flow. The front building is the original 1920's home that has been converted into three units, 2 - 1 BD/1 BA and 1 -2BD/1 BA. The property has an excellent rental history all three units currently have leases in place (the sale is contingent on all leases being honored). In the back is the detached garage that has been converted into a very spacious 4BD owner's unit boasting two full baths with custom marble showers and a great open living room. The property has been well maintained through the years. The newer roof has 30-year architectural shingles. The vinyl siding is great for easy exterior maintenance. The new PVC fence surrounding the entire property gives you privacy all year round. Tons of off-street parking, which is always in demand in Newport. Partial water views, the home sits directly across the street from Spencer Park, and adjacent to the property is Kings Park which is right on the water. Don't forget the proximity to downtown Newport, local beaches, and the many parks and recreational opportunities in the area. Seller wants to sell the entire property turnkey.
