$306,000

Condo for sale Westerly
Property photo number 1 of 14 Photos for Property. File  105240046_29_45ca4de5418e476cd46ce0a75c68dd46.jpeg

Overview

SUMMARY: Discover an opportunity with this Westerly condo for sale and available for $306,000. This could be your next ideal home or a smart investment. More details await.
OWN YOUR MIQUAMICUT BEACH GETAWAY - WITH INCOME POTENTIAL Imagine having your own place in Miquamicut 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. Buyers can choose the unit that best fits their goals-or explore the opportunity to acquire multiple units. 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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Details

  • Beds: 1
  • Baths: 1
  • Price: $306,000
  • Reference No.: 95330967
  • Area: 362 sqft

Location

Marketed by:

  • Harrison Mccormick
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