MLS® ID: 1233414
7 Sylvan Street
Newport, Rhode Island, 02840 $725,000
Investor or owner-occupied with income. 6 BR 3.5 baths - Brick main house with separate bungalow offering options to have a Newport retreat and an income-producing investment. Each unit could be leased separately. 5 in the front and 1-2 in the cottage. At a future date a possible conversion to a single-family. Currently leased 09/03/19 -05/22/20 at $3600 mo ($32,400 yr) plus utilities. Used by owners in the summer but could be leased for the summer season @ $20,000 - $25,000. Parking, courtyard, basement for storage and washer/dryer. Sale includes the majority of the furnishings and fixtures.