5 Dresser Street

5 Dresser Street
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Welcome to your future home! This incredible property is conveniently located just a half mile from the scenic Cliff Walk, is LESS THAN ONE MILE from First Beach and exactly one mile from THAMES STREET! This home is a short walk to some of Newport’s most desirable locations and is any buyer’s dream. In this safe and quiet neighborhood, you’re close enough to the fun but far enough away from a slice of peace and tranquility. Truly the best of both worlds! This 3 unit, 7 bedroom, 3.5 bath property sits on a lot size that is double to most of the surrounding lots. It offers premium off-street parking with 6-8 spots, only for residents. PROPERTY IS BEING SOLD AS IS but has incredible potential. The first and second floors need updating and are completely vacant. The third floor was renovated within the last five years and is currently rented. Who doesn’t want to buy a multi-family in Newport? Between the desirable location, the upgrade potential and beautiful neighborhood, this property could be worth millions. If you’re looking for a diamond in the rough, then look no further.

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Price:$$1,075,000
Address:5 Dresser Street
City:Newport
County:Newport
State:Rhode Island
MLS:1292395
Square Feet:4,720
Acres:0.25
Lot Square Feet:0.25 acres
Bedrooms:7
Bathrooms:4
Half Bathrooms:1
taxLot:012
taxYear:2020
garageYN:no
coolingYN:no
heatingYN:yes
basementYN:yes
currentUse:Multi-Family
permission:IDX
postalCity:Newport
tenantPays:Hot Water
landLeaseYN:no
lotSizeArea:10692
lotSizeUnits:Square Feet
buyerFinancing:Private
buyerOfficeName:Edge Realty RI, LLC
taxAnnualAmount:7430
livingAreaSource:Public Records
operatingExpense:3000
taxAssessedValue:796400
aboveGradeFinishedArea:4720

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