43 - 51 Ellery Av

Middletown, RI 02842
  • $1,390,000
  • STATUS: Active
  • MLS #: 1214219
UPDATED: 77 min ago
$1,390,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

A unique offering on desirable Easton's Point; Turnkey property consisting of five free standing cottages located between First and Second Beaches just off Purgatory Road. Maximize income potential with summer weekly rentals and off season rentals as well. Property includes 43, 45, 47, 49 and 51 Ellery Ave. All are one bedroom cottages with open living areas, granite counters, utilities are separately metered, three have gas heat, two have electric, all have fireplaces except for unit 47. Units 43,45 & 47 sit on lot 215 and 49 & 51 are on lot 216. Seller desires to sell as one package including all furnishings. Summer rents could range from $1200-$1500 per week and off season $1,200-$1400 per month. A perfect condo conversion or keep the cash cow and let the money roll in all summer long. ....Expenses and income are speculative as current owner used property and did not rent consistently.

Monthly Payment Calculator





© 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Keller Williams Realty International Luxury Division are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Keller Williams Realty International Luxury Division. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-17T10:37:33.693.
www.welchmanrealestate.com/homes/91497752

43 - 51 Ellery Av Middletown, RI 02842

  • Price: $1,390,000
  • Status: Active
  • Updated: 77 min ago
  • MLS #: 1214219
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1920
Built
Neighborhood:
Easton's Point
County:
Newport
Area:
Middletown
Property Description
A unique offering on desirable Easton's Point; Turnkey property consisting of five free standing cottages located between First and Second Beaches just off Purgatory Road. Maximize income potential with summer weekly rentals and off season rentals as well. Property includes 43, 45, 47, 49 and 51 Ellery Ave. All are one bedroom cottages with open living areas, granite counters, utilities are separately metered, three have gas heat, two have electric, all have fireplaces except for unit 47. Units 43,45 & 47 sit on lot 215 and 49 & 51 are on lot 216. Seller desires to sell as one package including all furnishings. Summer rents could range from $1200-$1500 per week and off season $1,200-$1400 per month. A perfect condo conversion or keep the cash cow and let the money roll in all summer long. ....Expenses and income are speculative as current owner used property and did not rent consistently.
Exterior Features

Building Residence Foundation Type Slab Location Free Standing Onsite Parking Spaces 12 Road Blacktop Type Commercial

Interior Features

Basement Type None Cooling None Heating System BaseboardForced Air Loading Door None Number Of Levels 1

Property Features

Adult Community YN No Assessment 843100.0000 Electric 100 AmpsCircuit BreakerIndividual Meter Elevation Certificate No Fire District Tax 0.0000 Gas Connected Green Construction YN No Have Aerial Photo Historic None Multi Family Mixed Use Type Multi 5Plus Near BusPrivate SchoolPublic SchoolRecreational FacilitiesSwimming Number Of Efficiencies 0 Occupancy Close 1-45 DaysNegotiable Owner Expenses 20000.0000 Owner Pays SewerSnow RemovalTaxesTrash ServicesWater Owners Gross Income 130000 Pl Statement No Present Use Seasonal Rental Real Estate Taxes 11620.0000 Real Estate Taxes Yr 2018 Reo Or Bank Owned No Sewer ConnectedMunicipal Short Sale No Subsidized Housing No Tenant Pays ElectricHeatWater Total Units In Complex 0 Under Construction No Unit Count 0 Unit Total Rent 0 Utilities ElectricGas Vacancy Rate 50 Water Supply ConnectedIndividual Meter Zoning R10

Listing information © 2019 State-Wide Multiple Listing Service.
Listing provided courtesy of Berkshirehathaway Homeservices.





© 2019 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Keller Williams Realty International Luxury Division are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Keller Williams Realty International Luxury Division. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-17T10:37:33.693.
 
Welchman Real Estate Group | Keller Williams Realty International Luxury Division
18 Commons
Little Compton RI, 02837