Price
$ 715,000
Pending

427 Spring ST, Newport, RI 02840  

427 Spring ST, Newport, RI 02840  

The perfect turnkey investment opportunity is here! Located on Spring St. just a short stroll to downtown Newport and harborfront. Currently fully rented for TOP DOLLAR Summer 2017 and Sept-May 2017/18. Also, a rock solid rental history. Walk right into an income generating property that is a perennial favorite of students and summer renters alike! Rare 8 bedroom property allowing for greater rental potential. New fencing, yard, convenient and ample on street parking, full basement and a beautifully first floor owner's unit. While some properties may promise potential, this one delivers.

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Listing Type
Multi-Family
Listing ID
1161070
Lot Size
3,940.00 sqft
Listing Status
For Sale Under Contract
Year Built
1900
County
Newport
Subdivision
Spring St
Floors
3
Units
3
Rooms
14.0
Zoning
R10
Taxes
4528.0
TaxYear
2017
Listing courtesy of Kavanaugh Grant Real Estate
Price History
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Date Event Change Price
7/21/2017 Price change $-34,000 (-4.5%) $715,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX PROFESSIONALS
    55 Memorial Blvd #1 Newport, RI 02840 | Phone: (401) 849-0100
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.