16 Homestead Road Narragansett

$730,000
6 3 2,430 sq ft

The Property

Investors take notice! Point Judith beach house with cool summer breezes and wonderful views of the Atlantic Ocean, Point Judith Lighthouse, Jamestown’s Beavertail Point and the East Passage to Newport harbor. Tremendous investment opportunity with proven and reliable rental income. 6 Large bedrooms and 3 baths, great layout with eat in kitchen, dining area & outside grilling deck off kitchen and living room. This is truly a turn key operation or the perfect beach house.

Located walking distance to 5 restaurants, an ice cream stand, clam cake and chowder hall and a short bike ride or drive (1 mile) to 3 outstanding sandy beaches: Sand Hill Cove, the Fisherman’s Beach and Scarborough Beach. Walk to the Point Judith Lighthouse. Close to the Block Island Ferry, marinas, fishing boats and shopping. Whether you’re looking for a beach house or investment this is a home run. Great location, good condition and real summer vibes. Net income less taxes and insurance for academic year 2019/2020 at $33,000 (this number is gross rental income less $2,000 owner booking fees for the rental contract). Closing to be on or after May 22, 2019.

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Listing Details

MLS Number

1207051

Lot Size:

0.12 acres

Features

  • Insulated Glass Windows
  • Shingles
  • Vinyl Siding
  • Heating: Baseboard
  • Heating Fuel: Oil
  • Waterview
  • Type: Colonial
  • Year Built: 2007
  • Water Amenities: Beach, Saltwater View, Walk to Salt Water, Walk To Water

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Listed by RE/MAX FLAGSHIP, INC.

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