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1316 Ocean Road Narragansett

$1,250,000
4 3.5 2,700 sq ft

The Property

SURF’S UP-are you ready for some fun in the sun? Incredible opportunity to own this immaculate investment property OR second home by the sea. Perhaps a hybrid of both by collecting the rent checks consistently and keeping a summer month to enjoy! Excellent summer rental history, $3,000 a week which then converts to an academic rental from September through May for roughly $3000-$4,000 a month. Summer weekly rentals can easily be increased due to A-1 location with 4 beaches only minutes away. Move in ready as this house is extremely well maintained on a regular basis.

Feel the ocean breezes as you enjoy the views from several balconies. Ready for new owners to make memories that will last a lifetime! Tenants in place until May of 2025.

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Listing Details

MLS Number

1362935

Lot Size:

0.16 acres

Features

  • Heating: Bottle Gas, Forced Air
  • Heating Fuel: Bottle Gas, Forced Air
  • Garage: 1
  • Type: Colonial
  • Year Built: 2010

Market Trends for Single Family Homes
in Narragansett

  • Overview
    Homes for Sale Today26-97.2% decrease in inventory
    New on Market *5-50% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$735.53$112 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,020,674$83,784 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.54%1.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$646.69$89 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *704 decrease 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.

Listed by William Raveis Inspire

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