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Located in the heart of downtown Newport's yachting village and just steps to Thames Street. 11 Young Street is a proven seasonal rental property with nearly $60,000 of annual income. The first floor unit has been recently updated with granite counters, new kitchen cabinetry and newly refinished hardwood floors. There is a shared deck that overlooks the large and private back yard. Unit 2 was renovated in 2015 adding more bedrooms and an additional full bath. This unit is currently rented until May 2019 and again for September 2019 to May 2020. This property would be a great opportunity for an owner occupied investor or an investor seeking to expand their real estate portfolio.

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Listed by Tim Dargan of Teri Degnan Real Estate & Consulting

 

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