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40 Hemlock Avenue

Narragansett, RI 02882
  • $1,650,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 1368553
Price Reduced
UPDATED: 70 min ago
$1,650,000
  • 9
    BEDS
  • 0.43
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,838
    SQFT
  • $430
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

Rare 3 family on a double lot in Narragansett's Point Judith neighborhood. This property offers amazing investment income potential or the option to occupy one of the units while offsetting your mortgage. This turn key house currently has one of three units leased, allowing the other two units to be rented or occupied at buyer's discretion. Each spacious unit enjoys a private entrance and patio space. Garden level unit and top floor unit share laundry, while main floor has in unit laundry room. The oversized lot may be suitable for a variety of uses including expansion, an ADU or pool (buyer to complete due diligence). With parking for 9 cars, outdoor shower, walking proximity to Roger Wheeler Beach and neighborhood gems like Iggy's and Aunt Carrie's this 8 bed, three bath home is an excellent opportunity.

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[Rhode Island Statewide MLS] logo

© 2024 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 John Krekorian | RE/MAX Flagship 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 John Krekorian | RE/MAX Flagship. 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: 2024-10-04T09:37:41.91.
www.krekorianteam.com/homes/155163721
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40 Hemlock Avenue Narragansett, RI 02882

  • Price: $1,650,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 70 min ago
  • MLS #: 1368553
9
Beds
3
Baths
0
½ Baths
0.43
Acres
3,838
SQFT
$430
$/SQFT
1960
Built
Neighborhood:
Point Judith
County:
Washington
Area:
Narragansett
Property Description
Rare 3 family on a double lot in Narragansett's Point Judith neighborhood. This property offers amazing investment income potential or the option to occupy one of the units while offsetting your mortgage. This turn key house currently has one of three units leased, allowing the other two units to be rented or occupied at buyer's discretion. Each spacious unit enjoys a private entrance and patio space. Garden level unit and top floor unit share laundry, while main floor has in unit laundry room. The oversized lot may be suitable for a variety of uses including expansion, an ADU or pool (buyer to complete due diligence). With parking for 9 cars, outdoor shower, walking proximity to Roger Wheeler Beach and neighborhood gems like Iggy's and Aunt Carrie's this 8 bed, three bath home is an excellent opportunity.
Exterior Features

Construction Materials Drywall Vinyl Siding Covered Spaces 0 Foundation Details Concrete Perimeter Garage YN No Parking Features No Garage Parking Total 9

Interior Features

Appliances Water Heater Basement Exterior Entry Full Interior Entry Partially Finished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Carpet Ceramic Tile Hardwood Vinyl Heating Baseboard Propane Heating YN Yes Interior Features Bathtub Stall Shower Tub Shower

Property Features

Electric 100 Amp Service Human Modified YN No Inclusions Landlord intermittently occupied as vacation home and did not pursue seasonal renters Land Lease YN No Laundry Features Common Area In Unit New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Tax Annual Amount 8056 Tax Assessed Value 1230000 Tax Lot 288 Tax Year 2024 Utilities Sewer Connected Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Churchill & Banks Co., LLC: .



[Rhode Island Statewide MLS] logo

© 2024 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 John Krekorian | RE/MAX Flagship 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 John Krekorian | RE/MAX Flagship. 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: 2024-10-04T09:37:41.91.
 
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John Krekorian | RE/MAX Flagship
140 Point Judith Road #23
Narragansett RI, 02882