Map
Listed price in listed location currency (USD).
$360,000

112

MLS® 1421862

Overview

Key Facts

Type Condominium
Levels Residential
Size 471 sqft
Garage 
Maintenance Fees $325
Taxes $919
Days Active 1
Approx. Age 1940
Avg. Price Per Sqft $764
MLS® Number 1421862

Property Address: b1-20 Winnapaug Rd, Westerly, RI, 02891-3508

Average square foot calculated using Size range provided by listing agent.

Description

OWN YOUR MIQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Misquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it. This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes. For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations. Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.
MLS® Number1421862
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1940
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric
A/CWall Units

Extras

This is a condo conversion, HOA is rough estimation and yet to be established

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