80 Briarwood Avenue, Middletown, RI 02842

$2,500,000

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List Price
$2,500,000
MLS#
1423293
Status
COMING SOON
Type
Commercial
City
Middletown
County
Newport
Year Built
1880

Property Description

Investors & Developers Take Notice! An exceptional opportunity awaits with this distinctive 7-unit multi-family property in one of Middletown's most desirable locations, just moments from Newport's famed Easton's Beach and within walking distance to St. George's School. Set on two adjoining lots, totaling approximately one half acre, this property offers a rare combination of location, scale, income producing potential and future development possibilities. The property provides generous off-street parking and elevated views toward the beach, adding to its appeal and long term value. The versatile unit mix includes a four bedroom townhouse style apartment, one studio apartment, three one-bedroom apartments, and two two-bedroom apartments, creating a diverse rental portfolio with strong appeal to a variety of tenants. The property is serviced by natural gas heat, town water and town sewer. With its proximity to the beaches, Newport's prestigious St George's School and the area's many attractions, this is a property where location truly drives value. Whether seeking an established multifamily investment, an opportunity to enhance and reposition an existing asset, or exploring its long term investment potential, this unique offering presents an exciting opportunity in a highly sought after coastal market. .

Additional Information

Cooling
None, Window Unit(s)
Sewer
Public Sewer, Sanitary
Taxes
$17,845
Community Features
Near Hospital, Near Schools, Other, Pool, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s), Street Lights

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Calculator source: Real Geeks

Listing courtesy of Williams & Stuart Real Estate. Contact:

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