8 Franklin Street

Great rental income awaits the new owner of these two commercial condos in the heart of downtown Newport!  Now is the perfect time to explore this awesome spot across from the Yachting Center, next to the US Post Office on the corner of Americas Cup, Franklin and Thames Street where Memorial intersects.  Both units have storage areas and are contiguous with interior stairs.

Address: 8 Franklin Street, Newport, RI
Sale Price: $324,000
Lease Price: $2,500/mo
Available Space: 1,865 sq.ft.
Assessment: $331,900.00
Taxes: $5,032 per year (2017 tax rate)
Condo Association: Yes
Condo Fees: As Needed - Based on % Share Historically $2500/yr
Year Built: 1900
Number of Units: 2
Location: Downtown
Heat / Air: Forced Water Baseboards
Zoning: GB
Condition: Excellent