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41 Melville Lane, Narragansett, Rhode Island – $655,000

  • 5 Beds
  • 2 Baths
  • 2,072 Sqft
  • .24 Acres
  • 5 Beds
  • 2 Baths
  • 2,072 Sqft
  • .24 Acres

41 Melville Lane

Investors take note! Excellent opportunity to own a turn key high performing investment property in Narragansett's desirable Eastward Look. This 5 bed 2 bath updated and well maintained property has a strong rental history both summer and academic year and is walking distance to Scarboro Beach. Features include updated bathrooms, kitchen with granite, windows, flooring, on demand hot water system and central air. New roof, front stairs, front door, and outside shower. No deferred maintenance left on this one! First level has its own private entrance, two large bedrooms, full bath, and a living room area for summer rental comfort with large families. Rented through the 2019-2020 academic year and over 8 weeks this summer. May 2019 to May 2020 booked income over 55K! This is a solid investment opportunity with a property that is fully updated! No deferred maintenance! Property also falls within a Rhode Island opportunity zone!

Essential Information

  • MLS® #1218613
  • Price$655,000
  • Bedrooms5
  • Bathrooms2.00
  • Full Baths2
  • Square Footage2,072
  • Acres0.24
  • Year Built1996
  • TypeSingle Family
  • StyleContemporary, Raised Ranch
  • StatusPending
  • HOA Dues0.0000

Community Information

  • Address41 Melville Lane
  • SubdivisionEastward Look
  • CityNarragansett
  • CountyWashington
  • StateRhode Island
  • Zip Code02882

Amenities

  • Parking Spaces5
  • # of Garages1
  • GaragesIntegral
  • Is WaterfrontYes
  • WaterfrontBeach, Walk to Salt Water

Amenities

Commuter Bus, Golf, Hospital, Marina, Swimming

Interior

  • InteriorCathedral Ceilings
  • Interior FeaturesCathedral Ceilings
  • HeatingBaseboard, Gas Connected
  • CoolingCentral Air
  • FireplacesNone
  • # of Stories2
  • Stories2

Appliances

Cable TV, Carpeting, Dishwasher, Dryer, Furniture, Microwave, Oven/Range, Refrigerator, Washer

Exterior

  • ExteriorClapboard, Deck
  • Lot DescriptionCorner, Paved Driveway
  • FoundationConcrete

Listing Details

  • OfficeCoastal Properties Group
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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.Information is deemed reliable but is not guaranteed. © 2019 State-Wide Multiple Listing Service. All rights reserved.

Listing information last updated on April 22nd, 2019 at 1:04pm CDT.