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Home For Sale

Picture of Home For Sale in Bristol, Rhode Island, United States

$585,000

4 Bay View Ave # 2
Bristol, Rhode Island, United States

4bd 2ba

Listed By: Realtyww Info

Listed On: 06/08/2023

Listing ID: GL10197813 View More Details

Description

Downtown Bristol, RI. Opportunity to own 2 condos in one multi-family dwelling close to the waterfront. Property is being sold as a package consisting of two units; 4 Bayview Ave. Condo Units 2 and 3. First floor currently vacant with a couple of weeks of Airbnb in June/July. The first floor unit has been renting at $2, 500/month fully furnished no utilities included. Second floor excellent tenant in place until July 30, 2023 at $1, 800/month no utilities included and willing to extend. Broker owned thus all condo fees i.e. repairs, maintenance, insurance, taxes are controlled by the owner. There is an adjacent private Condo Unit 1 that is owned privately and the owner is fully responsible for all fees related to their dwelling and yard. A master insurance policy is required and shared among the three units. Lot has a tiny portion designated in flood zone map thus requires a flood policy if a mortgage exists on the property. Flood quote of $1, 200-$1, 500 for dwelling. Turn-key property offering buyer an investment opportunity or owner occupy one condo and rent the other. Both condos are updated fresh interior paint, kitchen and bath remodel, appliances, roof. Gas and town water/sewer. Walk to the water, restaurants, coffee shops, antique and art stores, and unique shops. Visit a museum, ride the bike path, enjoy the park and sunset while boats sail in Bristol harbor. Convenient 20-minute drive to Newport or Providence.

For more details:

Listed by: Keller Williams Coastal
Source: The World Property Journal

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