3, 5 FIR ST, NEWPORT, RI, 02840

$486,500

Newport, Rhode Island is a wonderful place to visit but, even a better place to live/work and own property.  Enjoy all that Newport has to offer throughout the year!  It is home to miles of scenic coastline ideal for exhilarating sailing excursions along Narragansett Harbor, relaxing beach time at the beautiful local beaches such as Easton’s, Bailey’s , or Gooseberry Beach and rejuvenating walks along Bellevue Avenue, Ocean Drive,  and the Cliff Walk. 
 

 For those whose heart lies in architecture, design, and history Newport offers tours of opulent mansions along Bellevue Avenue, interesting museums, and a number of walking tours that reveal the history and charm of the city. Enjoy a tour and tasting at the three local vineyards followed by a memorable dining experience at a waterfront restaurant.
  

The city’s quaint wharves and cobblestone streets are a mix of unique shops and galleries. Complementing it all is a year-round calendar of special events ranging from nautical events to the Jazz and Folk festivals to professional sports tournaments such as Polo Matches, or a baseball game at Cardines Field, ensuring that there is always something happening in Newport!

 Invest in this updated multi-family. Spacious 3 family located in the heart of Newport.  All units have 3 bedrooms and 1 bath.  Walk to Bellevue, downtown or the Cliff Walk.  The numbers work!  Great rental history including the garage space.  All units are rented yearly. The total gross income is $49,200 per year.  All units have been updated, new windows throughout, newer roof, laundry for each unit, 3 car parking and a cute yard.  All appliances are 1-2 years old.   

The first floor has lots of character.  There are hardwoods throughout, a fireplace, dining room, 3 decent sized bedrooms, new kitchen cabinets and counters, tiled floors, and a tiled bathroom. 

The second floor has a large open livingroom, cute kitchen with all new cabinets, counters, and tiled floors, two large bedrooms and a smaller bedroom, and freshly painted. 

The third floor has character.  Exposed brick chimney, original exposed wooden beams, three nice size bedrooms, new kitchen cabinets, counters and tiled floor, and a newly updated and tiled bath. 

This house is in great shape and easy to rent!  Little to do.  All units are rented and almost everything has been updated.