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75 Malbone RD Malbone Road, Newport, Residential Income

$ 899,000
75 Malbone RD Malbone Road,
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Overview

  • Updated On:
  • February 27, 2024
  • 4 Bedrooms
  • 2 Bathrooms

Description

Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which both contain two bedrooms, one full bathroom and 972 square feet of space. Providing comfortable, versatile living space for new owners to enjoy. The upstairs unit features a lovely balcony area perfect to enjoy personalized outdoor space. Both units conveniently offer onsite laundry, a shared yard perfect for relaxing and additional storage space in the shared basement. The units offer convenient gas heat, keeping utility costs down for any future tenants. Currently both units are filled and under lease until May of 2024. The current rental rates are below market value so there certainly is room for growth with the rental revenue. You will find this property has been very well cared for which you and your tenants will appreciate. Parking in Newport can certainly be a challenge, but not here. With space for up to four vehicles for your tenants. Don’t miss out on this fantastic opportunity to own an investment property in Newport, RI.

Address: 75 Malbone RD Malbone Road
City:
State/County:
Zip: 02840
Country: Afghanistan
Open In Google Maps
Property Id : 754689
Price: $ 899,000
Property Lot Size: 0 ft2
Rooms: 10
Bedrooms: 4
Bathrooms: 2
Basement: Full,Interior Only,Unfinished,Storage Space,Utility
Bathrooms Half: 0
Bathrooms Total Decimal: 2
Bridge Modification Timestamp: 2024-02-25T05:36:11.722Z
Building Area Total: 3018
Community Features: Bus,Commuter Bus,Golf,Highway Access,Hospital,Interstate,Marina,Private School,Public School,Railroad,Recreational Facilities,Schools,Shopping
Construction Materials: Dry Wall,Wood Wall(s),Vinyl Siding
Contract Status Change Date: 2024-02-14
Cooling: Individual Unit
Covered Spaces: 0
Electric: 200 Amps
Fireplace Features: None
Fireplaces Total: 0
Flooring: Hardwood,Vinyl
Foundation Details: Concrete Perimeter
Garage Spaces: 0
Heating: Oil,Baseboard
Laundry Features: In Building
List Agent Email: Cesar@Castlekeeprealtynpt.com
List Agent Full Name: Cesar Duarte Patricio
Listing Contract Date: 2024-02-14
Listing Id: 1352865
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Features: Corner Lot,Paved Driveway
Lot Size Area: 3424
Lot Size Square Feet: 3424
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-02-25T05:32:04.010Z
Number Of Buildings: 1
Number of Units Total: 2
Original Entry Timestamp: 2024-02-14T19:41:56.010Z
Original List Price: 899000
Other Equipment: Ceiling Fan
Parking Features: No Garage
Parking Total: 4
Patio and Porch Features: Porch
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-02-14T19:41:56.010Z
Stories: 3
Street Name: Malbone
Street Number: 75
Street Suffix: Road
Structure Type: Up/Down
Tax Annual Amount: 3924
Tax Year: 2023
Water Source: Connected
Year Built: 1940
Zoning: R10
Outdoor Details
balcony
Other Features
Dishwasher
Dryer
Has Cooling System
Has Heating System
Insulation: Ceiling,Floors,Walls
Microwave
Open Parking
Oven/Range
Plumbing: Mixed
Porch
Property Attached
Refrigerator
Stairs
Walls: Dry Wall,Wood
Washer
$ 3,485.60
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,485.60

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