131 Broadway, Newport, Residential Income

Description

131 Broadway is a FULLY RENOVATED 6 family property located in Newport’s GENERAL BUSINESS ZONE with 6 off street parking spaces. Investment opportunities like this are rare and highly sought after due to the number of units in the building, turnkey condition, the amount of off street parking, proximity to downtown Newport and the zoning benefits within the general business district which allows for short term rentals with proper qualifications. The exterior of the building has been restored and painted and features a brand new roof, sealed driveway, fresh hardscaping and landscaping, an out door patio and kitchen, and has added fencing for privacy. Inside, you will find that each unit has been fully renovated with beautifully restored hard wood floors, all new kitchens and baths, ductless mini split heating and air conditioning, and private laundry for each unit. Every unit also includes an additional storage space in the basement. The building directly in front of the property is also being torn down and having a new state of the art banking center being built in early 2025 which will enhance the curb appeal. Broadway is the place to be and this turn key investment property is ready for its next life. Taxes and assessment subject to change.