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21 School St, Newport, RI 02840

Multi-Family Home For Sale

21 School St, Newport, RI 02840 House For Sale - MLS #1174567
$1,200,000
Multi-Family
4 Family
Listed By: Gustave White Sotheby's Realty

Property Description for 21 School St, Newport, RI 02840

The Thankful Tews House" originally built in the 1830's, is now a classic mansard roofed four family in the heart of Historic Hill. This turn-key property has a lovely garden with fire-pit for fall get-togethers and plenty of parking. The second and third floors are each 2-3 bedroom units and are perfect for an owner occupied opportunity. The first floor houses the remaining two units -- one a large one/two bedroom apartment and the other a petit one bedroom. These two units could easily be combined. The basement is immaculate and provides great space for storage, workshop, and/or exercise area, and all the separate gas utilities-- both for heat and hot water. At present, rents are substantially below rent but these apartments are extremely rentable and could generate well over $85,0000 annually.

Interior Details

4,116 sq. ft.
$291.55/sq. ft.
16
Connected; Municipal
Common Meter; Connected; Municipal
Stairs

Exterior Details

0.11 acres
4,793 sq. ft.
6
Stone

Other Details

1174567
1830
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(20%)

Monthly Mortgage Payments

$5,451
$7,592

Town Description

Home to spectacular coastal scenery, awe-inspiring architecture, a thriving waterfront downtown, and welcoming hospitality, Newport, Rhode Island is considered by many to be a shining gem in the...

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