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1144 W Main Road, Portsmouth, RI 02871
$974,000
1144 W Main Road, Portsmouth, RI 02871View this property at 1144 W Main Road, Portsmouth, RI 02871
1144 W Main RoadPortsmouthRI02871
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Property Description
5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate..see supplements
Full Property Details
Full Property Details for 1144 W Main Rd
General
- Sold For: $974,000
- Taxes: $4,410 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1348011
- Added to Site: 206 day(s) ago
Business
- Business Type: Other
Interior
- Number of Rooms: 12
- Interior Features: Attic, Tub Shower
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Masonry
- Appliances: Oil Water Heater
- Flooring: Carpet, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common Area
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 8
- Parking Features: No Garage
Location
- County: Newport
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Oil, Steam, Zoned
Utilities
- Sewer: Septic Tank
- Water: Connected, Public
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Plaster, Aluminum Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Interior Entry, Partial, Unfinished
- Stories/Levels: 2
- Building Size: 1915
- Finished Total: 1,915 Sq. Ft.
- Finished Above Grnd: 1,915 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 5.73
- Lot Size (Sq. Ft.): 249,599
- Lot Size: 249599
Financial Considerations
- Operating Expenses: $15,000
- Tax Amount: $4,410
- Tax Year: 2023
Disclosures and Reports
- Inclusions: PROFORMA NUMBERS WITH WINTER RENTAL + AIRBNB SPRING/SUMMER 60K+
- Property ID: 11441152MAINRDPORT
- Lot Number: 1
Listed by Smith and Oak Real Estate Co.
Sold by eXp Realty
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Schools
Schools serving 1144 W Main Rd
School District:Portsmouth Schools
Rating | Name | Grades | Distance |
---|---|---|---|
120 Education Ln, Portsmouth, RI 02871 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1144 W Main Rd
Date
Details
Price
Change
Source
1/26/2024
Sold
$974,000
-2.59%
MLS
11/13/2023
Listed
$999,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1144 W Main Road, Portsmouth, RI 02871 (MLS# 1348011) is a Multi-Family property that was sold at $974,000 on January 26, 2024. Want to learn more about 1144 W Main Road? Do you have questions about finding other Multi-Family real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.