85 Narragansett AV Narragansett, RI $ 975,000
85 Narragansett AV
$ 975,000
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85 Narragansett AV

Narragansett, RI, 02882
$ 975,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,105

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Commercial Property for sale in Narragansett, RI

for $975,000. This building was built in 1926.

Welcome to the "Boarding House" at 85 Narragansett Avenue steps from Narragansett Town Beach! The Roof is brand new!! The property is set up as a 3 family home and is zoned and permitted as a boarding house. First floor unit has 3 bedrooms and 1 and 1/2 bathrooms, eat in kitchen and a screened in front porch. Second floor has 2 bedrooms, 1 bathroom, eat-in kitchen. Third floor "loft" unit has 2 bedrooms and 1 bathroom with a quaint kitchen and living area. All full baths have in floor radiant heated tile. This home has beautiful hardwood flooring and laundry in the first floor hall for your guests convenience. There is a small grassy area in the back yard to gather and grill abutting the 6 parking spaces. Property has a strong Air BNB history with the average nightly rate topping $800, that is $70, 000 in 12 weeks of rental income. Not to mention the Early birds, the labor day crowd, the September surfers and winter rentals. This property is an absolute cash cow. Everything within the 4 walls conveys, from the furnishings down to the plates. This is a commercial property. Property also listed in Multi Family MLS#

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Commercial Pending

Price

$ 975,000

Property Type

Commercial

Taxes

$ 4,924

Style

Apartment

Year Built

1926

Town/City

Narragansett

County/Region

Washington

MLS | Web ID

1295714

Features
Interior
Cooling System Window Unit(s)
Heating System Baseboard
Interior Other
Water Source Connected
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Exterior
Community Amenities Laundry Facility
Foundation Stone
Parking 1-20 Parking Spaces
Road Frontage Blacktop
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Miscellaneous
Location Freestanding Near Recreation Near Shopping
Utilities Electric 100 Amps
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* Excluded Features
List By
Ri Real Estate Services

Broker

Affordability Calculator

$4,516
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,105
Monthly Property Taxes
$410
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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85 Narragansett AV, Narragansett, RI, 02882 is a Commercial Property for sale at $975,000. 85 Narragansett AV has 0.0 baths and was built in 1926. The property's zip code is 02882 which is in Narragansett, RI