118 Cottage Ave, Portsmouth, RI

$495,000

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5

Beds

4

Baths

3,338

Square feet

0.14

Acres

About 118 Cottage Ave

Great investment opportunity. Multiple possibilities for these 3 separate units on one lot in Island Park. Short-term seasonal, Airbnb, yearly rentals possible. Fenced compound consists of a 3 bed 2 bath unit, 1 bed 1 bath ranch with finished basement, 1 bed 1 bath studio cottage. Currently rented well below market rate w/ tenants paying all utilities including water. Updates are needed but all units do have newer 6-bedroom septic, 5-year-old roofs, updated electric and vinyl siding. Private corner lot and located 2 blocks from Park Ave. Rare opportunity.

Features of 118 Cottage Ave

MLS® # 1306922
Sold Price $495,000
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Square Footage 3,338
Square Footage 6098.00
Acres 0.14
Year Built 1930
Type Residential Income
Sub-Type Multi Family
Status Closed

Community Information

Address 118 Cottage Ave
City Portsmouth
County Newport
State RI
Zip Code 02871

Amenities

Features Corner Lot
Parking Spaces 4
Parking No Garage
Garages No Garage
Is Waterfront No
Waterfront Walk to Water
Has Pool No

Interior

Interior Carpet, Hardwood, Laminate, Other
Interior Features Cable TV, Tub Shower
Appliances Dishwasher, Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
Heating Baseboard, Hot Water, Oil, Propane
Cooling Window Unit(s)
Has Basement Yes
Basement Exterior Entry, Full, Interior Entry, Unfinished
Fireplace Yes
Fireplaces None

Exterior

Exterior Aluminum Siding, Clapboard, Drywall, Wood Siding
Lot Description Corner Lot
Construction Aluminum Siding, Clapboard, Drywall, Wood Siding

Additional Information

Date Listed April 6th, 2022
Days on Market 7
Zoning R10
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeHogan Associates

Listing Map

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