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32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
32 Dearborn Street
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$1,289,000

32 Dearborn Street

4 Beds 4 Baths 3,239 Sq.Ft.

Description

Currently zoned as a 5-Unit residential property but building layout easily lends itself to combine units to three or four larger units if desired. Detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Total monthly gross rent is $7,791. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Laundry brings in about $2,000/year. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey.

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Location

32 Dearborn Street, Newport, RI 02840

Status

Sold
Shiv Patel

Shiv Patel

TITLE

Sales Associate and Realtor®

Newport

An affluent seaside community located on Aquidneck Island.

Property Amenities

Interior
Laundry room Common Area
Fireplace None
Appliances Common Water Heater, Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
Flooring Ceramic Tile, Hardwood, Vinyl
Total Bedrooms: 4
Full Bathrooms: 4
Other Interior Features Tub Shower
Area & Lot
Lot Area 5,200 Sq.Ft.
Living area 3,239 Sq.Ft.
MLS® ID 1284970
Year Built 1900
View Description Water
Architecture Styles Apartment
Type Multi-Family
Status Sold
Exterior
Stories 3
Air conditioning None
Heat type Baseboard, Gas, Hot Water, Zoned
Water Source Connected
Garage Space 2
Sewer Connected
Other Exterior Features Paved Driveway
Parking Detached, Garage, Garage Door Opener
Utilities Sewer Connected
Finance
Sales Price $1,289,000
Real Estate Tax $10,002 yearly

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