85 Narragansett Avenue
85 Narragansett Avenue Narragansett, Rhode Island 02882 United States

$975,000
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Listing Courtesy of RI Real Estate Services
Commercial
Property type
1926
Year Built
1295714
Web Id
1295714
MLS ID
Narragansett Pier
Subdivision
Narragansett
School District
15
days ago
This Property is Currently Contract Pending

About 85 Narragansett Avenue

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#1295718

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Cooling
Window Units
Heating
Baseboard
Location
Free Standing
Sewer
Connected
Water
Connected
Listing Courtesy of RI Real Estate Services
Listing Courtesy of RI Real Estate Services
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Listing Courtesy of RI Real Estate Services
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