Downtown Newport Location, Loads of Parking, Roof Deck!  Handsome and spacious Two-Family with Roof Deck, Hot Tub and Wet Bar.  Must be sold with 621-623 Thames Street (MLS #933814).  Zoned Limited Business, these three buildings off flexible usage and unique investment possibilities.

617 Thames Street was totally renovated in 2001 and is a stately four-level, two-family dwelling.  This spacious building consists of two four bedroom and two bath units.  There is an entry to each level by private deck to enjoy the outside.  Additionally, there is a private roof-top deck which covers the entire roof of the building with hot tub and bar w/sink overlooking Downtown Newport and Narragansett Bay.  There is plumbing and electric for the convenient use of this spacious roof-top deck.  The owner’s apartment features radiant floor heating, central air conditioning, a gas-log fireplace, steam units in the shower of both bathrooms and a gas washer/dryer unit.  The building is hard-wired for smoke and carbon monoxide detectors and a sprinkler system at all levels of the building and basement. There is one efficient, state of the art oil boiler to heat the building with two separate oil tanks and two electric hot water heaters.  All utilities are currently included in the rent but could easily be passed on to the tenant depending on the configuration.  There is parking for up to seven cars for this dwelling.

621-623 Thames Street was totally renovated in 1999 and is a handsome and updated four-family dwelling.  It is a spacious and beautiful three-level building.  Each unit has a separate entrance and deck to relax and enjoy the outside.  The floor plan consists of three one-level units at 621 Thames Street and one two-level townhouse unit at 623 Thames Street.  There is easy access to the basement which is full and concrete.  Systems include one state-of-the-art and efficient oil-fired burner which is currently commonly metered for heat, five new electric hot water heaters which were installed in November 2008 and are separately metered.

There is an additional separate building which is a 1,026 S/F four-car garage with two double-wide garage doors and openers.  The garage has radiant floor heat, plumbing, and electric.  There is stair access to an additional 1,026 S/F of framed open space on the second floor of the garage.

These properties are zoned limited business and are located on the corner of lower Thames Street and Grafton Street which borders the desirable Yachting Village and Fifth Ward neighborhoods.  This quaint neighborhood provides owners, tenants and their guests the convenience to park their cars and walk to all that Newport has to offer.  More specifically, this location is near Salve Regina College, the various Newport beaches, restaurants and bistros which all add to the desirability and rentability of these three immaculate buildings.  Additional landmarks close by include the Newport Mansions, International Tennis Hall of Fame, Museum of Yachting, New York, Ida Lewis and Newport Yacht Clubs, and the Newport Country Club.