A rare Newport 4-family in an Opportunity Zone located within a quiet neighborhood perfectly situated between downtown Newport and the upcoming North End economic developments. All 4 units are rented to tenants with low maintenance yearly leases and the property currently produces $5,750 a month in rental income, and due to separate utilities between units tenants are responsible for paying their own Gas, Electric, and hot water. Sitting on a 10,000 sq ft lot, this 4 family also provides plenty of off-street parking for each unit and the large side yard offers an ideal location to possibly build a decently sized garage. Many recent improvements, including 4 new gas boilers, 4 hot water tanks, and updated electrical and plumbing. Turnkey, fully occupied building, with potential to support higher rents with minor interior upgrades.
