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38 Burnside Avenue Narragansett

$1,050,000
3 2 1,468 sq ft

The Property

Excellent turn-key rental investment opportunity, completely furnished! Watch the cruise ships going to and from Newport while having coffee on the deck, then walk to the beach! This well-kept ranch with unobstructed direct views of the Atlantic Ocean and Scarborough State Beach comes completely furnished! Just move in and enjoy the beach-view living. All brick construction and 1,988 sf on a 10,000 sf lot with municipal water and sewer. On the upper floor are three bedrooms, a full bathroom, and an open space that features a living room, dining area, and kitchen with stainless appliances. The enclosed four-season porch connects to the ocean-view deck.

The lower level features a common area with a fireplace, ceramic-tiled floor, two large walk-in closets, a full bathroom, and a two-car attached garage. The large yard has beautiful plantings surrounding the house. Just move in or rent it out immediately, as it is completely furnished. Rental rates for similarly sized houses in the area command up to $20-30k per month in the summer season and $3k+ per month during the academic year.

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Listing Details

MLS Number

1284461

Lot Size:

0.23 acres

Features

  • Basement: Full
  • Brick
  • Fireplace: Brick
  • Heating: Baseboard, Central Air
  • Heating Fuel: Gas
  • Garage: Attached
  • Paved Driveway
  • Waterview
  • Type: Ranch
  • Year Built: 1968
  • Water Amenities: Saltwater View, Walk to Salt Water

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Market Trends for Single Family Homes
in Narragansett

  • Overview
    Homes for Sale Today27-96.5% decrease in inventory
    New on Market *1958.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$761.98$16 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$625,000$187,934 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.11%-0.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$572.80$23 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8616 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.

Listed by J.E. Group Properties

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