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PENDING – UNDER CONTRACT

This is the ONLY multi-unit property available near the beach in South Kingstown, RI! Just a short walk to Matunuck Town Beach, you’ll be able to enjoy the summers in your own private get-away where you can rent one – or both – units. Current rents are $1400 and $1200 per week in the summer, and $820 and $780 in the winter season. The upper level has a small view of the ocean, and both units look out onto a beautiful unbuildable natural area behind the property. There are two bedrooms, a full bath and a washer and dryer in each unit. A newer Advantex RX 30 septic system is state of the art and fully up to date. There is ample parking for at least 6 vehicles on the property. Steps from the Ocean Mist and a short stroll to a summer ice cream stand make this property an ideal investment – and beach house – all rolled into one easy to care for package. Enjoy future summers in your own home just steps from the beach and have all the expenses covered by the rental income you can generate! (Please note: Most weeks have already been rented for summer 2018, and tenants are in place for the next winter season. All rental agreements and rental income will transfer with the sale of the property.)

Features and Amenities

OVERVIEW

  • Neighborhood: Matunuck
  • Number of Units: 2
  • Building Area: 3,216 sq.ft.
  • Year Built: 1974
  • Plat/Lot: 92 / 49
  • Lot Size: 4,792 sq.ft.
  • Estimated RE Taxes: $4,966

ROOMS

  • Total Rooms: 8
  • Bedrooms: 4
  • Bathrooms: 2

BUILDING AND CONSTRUCTION

  • Unit: Up/Down
  • Foundation Type: Cement Block,Concrete
  • Exterior: Deck, Patio, Shingles, Vinyl Siding
  • Finished Floor: Hardwood, Wall to Wall Carpet
  • Fireplaces: 0
  • Under Construction: No

UTILITIES

  • Sewer: Septic System
  • Electrical: 100 Amps
  • Hot Water: Electric, Tenant Pays
  • Heat: Electric
  • Heating System Type: Baseboard
  • Cooling: None

LOT

  • Waterview

EQUIPMENT

  • Barbecue Grill, Cable TV, Ceiling Fan, Dryer, Microwave, Oven/Range, Refrigerator, Washer

GARAGE AND PARKING

  • Garage Type: None
  • Outside/Onsite Parking: 6

BASEMENT

  • Basement Type: None

WATER AMENITIES

  • Access, Saltwater View, Walk to Salt Water

NEAR

  • Highway Access, Public School, Recreational Facilities, Swimming

OTHER INFO

  • Short sale: No
  • REO Bank Owned: No
  • Subsidized Housing: No

City/Town Sales Stats & Taxes