About 28 Young St
Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.
Pricing and availability subject to change.
Amenities
| Utilities |
Sewer Connected
|
| Parking Spaces |
5
|
| Parking |
Detached, Garage
|
| # of Garages |
2
|
| Garages |
Detached, Garage
|
| Is Waterfront |
No
|
| Waterfront |
Walk to Water
|
| Has Pool |
No
|
Interior
| Interior |
Vinyl, Carpet
|
| Interior Features |
Stall Shower
|
| Appliances |
Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
|
| Heating |
Baseboard, Gas
|
| Cooling |
Window Unit(s)
|
| Has Basement |
Yes
|
| Basement |
Full, Unfinished
|
| Fireplace |
Yes
|
| Fireplaces |
None
|
| # of Stories |
3
|
Exterior
| Exterior |
Drywall, Wood Siding
|
| Exterior Features |
Balcony
|
| Construction |
Drywall, Wood Siding
|
| Foundation |
Combination
|
Listing Details
| Office | Hogan Associates Christie's |
|---|
