1144 W Main Road 1152, Portsmouth, RI 02871

$974,000
6
BD
2
BA
Sold Price
$974,000
List Price
$999,900
Closing Date
Jan 26, 2024
MLS#
1348011
Status
CLOSED
Type
Multifamily
City
Portsmouth
County
Newport
Bedrooms
6
Bathrooms
2
Year Built
1900

Property Description

5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate..see supplements

Additional Information

Electric
Circuit Breakers
Cooling
None
Sewer
Septic Tank

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Smith and Oak Real Estate Co.. Contact:

Selling Office: eXp Realty.

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