20 Winnapaug Road Unit B1, Westerly, RI 02891
- $360,000
- 1
- BD
- 1
- BA
- 510
- SqFt
- List Price
- $360,000
- Status
- ACTIVE
- MLS#
- 1421862
- Year Built
- 1940
- Levels
- Two, One
- Bedrooms
- 1
- Bathrooms
- 1
- Building Name
- Beach Ball
- Living Area
- 510
- Subdivision
- Misquamicut
Property 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.
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Additional Information
- Taxes
- $919
- Hoa Fee
- $325
- Interior Features
- Stall Shower
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Baseboard, Electric
- Cooling System Type
- Wall Unit(s)
- Sewer
- Septic Tank
- Water Source
- Public
- Appliances
- Electric Water Heater
- Basement
- None, Unfinished
- Parking Spaces
- 2
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Listing courtesy of Stanton Realty, Inc.. Contact:
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