20 Winnapaug Road, Unit#b3 Westerly

$306,000
1 1 362 sq ft

The Property

OWN YOUR MIQUAMICUT BEACH GETAWAY — WITH INCOME POTENTIAL

Imagine having your own place in Miquamicut 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.

Buyers can

choose the unit that best fits their goals—or explore the opportunity to acquire multiple units.

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.

Read more

Listing Details

MLS Number

1421669

Features

  • Basement: None, Unfinished
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Marina
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Electric, Baseboard
  • Heating Fuel: Electric, Baseboard
  • Laundry
  • Year Built: 1940
  • Water Amenities: Access, Beach, Saltwater View, Walk to Salt Water, Walk To Water

See more features

Market Trends for Single Family Homes
in Westerly

  • Overview
    Homes for Sale Today77-94.8% decrease in inventory
    New on Market *4343.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$469.94$484 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,651,062$636,101 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.27%-2.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$724.79$152 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *681 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

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