5 Ann Street
5 Ann Street Newport, Rhode Island 02840 United States

$969,000
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Listing Courtesy of RE/MAX Profnl. Newport, Inc.
7
Bedrooms
3
Full Baths
.05 Acres
Exterior
Multi-Family Homes
Property type
1900
Year Built
1295332
Web Id
1295332
MLS ID
Newport
School District
18
days ago

About 5 Ann Street

Introducing a turn key 2-family investment property in the heart of Downtown Newport. This property has been meticulously maintained with a myriad of improvements over recent years and offers the savvy investor an opportunity to own a cash cow located in the coveted Lower Thames neighborhood. Both units feature 9 foot ceilings, original hardwood floors, vinyl windows, granite countertops, stainless steel appliances, recessed lighting, in unit washer/dryer, tankless Navien boilers, and a generous backyard area to enjoy Newport evenings. Unit 1 has two large bedrooms with ample natural sunlight, a large living room, eat-in kitchen, and one full bath. Unit 2 is a sprawling five-bedroom townhouse style apartment with a second-floor deck overlooking Thames St, two large living rooms to entertain guests, and two full bathrooms. The property has an incredibly strong rental history with both winter and summer tenants and is a true turn key investment generating $80,000 per year in revenue and $61,000 in NOI. The location and quality of this property make it a gem and a fantastic opportunity to own a piece of Downtown Newport!

PROPERTY INFORMATION

Garage Info
0
Heating
Forced Water
Sewer
Connected
Water
Connected

EXTERIOR

Exterior Features
Clapboard
Listing Courtesy of RE/MAX Profnl. Newport, Inc.
Listing Courtesy of RE/MAX Profnl. Newport, Inc.
Advertiser Logo
Listing Courtesy of RE/MAX Profnl. Newport, Inc.
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