312 Broadway 318, Newport, RI 02840

$2,850,000
List Price
$2,850,000
MLS#
1321953
Status
ACTIVE
Type
Commercial
City
Newport
County
Newport
Year Built
1966

Property Description

Centrally Located on Broadway. Currently a 100% occupied and has three commercial retail units & eight residential apartments. The building has (3) one bedrooms, (2) three bedrooms, (2) four bedrooms and (1) studio apartment. Rental rates are under market value. Income & Expense figures are based on monthly income & expenses. Updated commercial fire alarm & sprinkler system. All utilities are separate and paid by the Tenants except the city water & sewer. Twelve Off Street Parking Spaces. Recently replaced siding on east side of building. Ideal for a condo conversion.

Additional Information

Cooling
None
Sewer
Connected, Public Sewer, StormSewer
Taxes
$17,317
Community Features
Marina, NearHospital, NearSchools, PublicTransportation, Shopping, Tennis Court(s), Street Lights, Sidewalks

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Lila Delman Compass. Contact:

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