8 Cross Street Newport, RI 02840

For sale for $1,200,000 - MLS # 1317130

8 Cross Street
Newport, Rhode Island RI 02840
Price: $1,200,000
Listing ID 1317130 Status Active Under Contract 7 Bedrooms 3 Full Baths 3,136 SqFt 0.080 Acres Subdivision: The Point

Property Description:

Estimated Payment $5,313 Per Month. * 20% Down 30-Year fixed mortgage rate of 5.27% with an APR of 5.28% for those who qualify. * Taxes insurance not included. * Rates As of 08/03/22. __________________________________________________________________________________________________________ This unique colonial located in the prestigious Point section of historic and beautiful Newport has been completely remodeled (down to the studs) and is ready for its next owner. Conveniently situated only steps away from everything "America's First Resort" has to offer, this multi boasts a first-floor unit with 2 bedrooms, a 2-level second unit with 4 bedrooms, AND a separate loft cottage. Adorned with shiplap, original woodworking, glass tile, stainless steel appliances, gleaming hardwoods, central air... what more could you want? There are only finishing touches left to complete this project, and the current owner is willing to work with the right buyer to get it there to his/her taste. With an appraisal in hand for $1.3M, this one already has equity built-in, a rare find in this market!

Primary Features

County: Newport
Property Sub Type: Multi Family
Property Type: Residential Income
Subdivision: The Point
Year Built: 1870
Zoning: R10

Interior

Appliances: Electric Water Heater
Basement: Exterior Entry, Full, Interior Entry, Unfinished
Cooling: Central Air
Electric: 200+ Amp Service, Circuit Breakers
Fireplace Features: Gas
Fireplaces Total: 1
Flooring: Carpet, Ceramic Tile, Hardwood
Heating: Electric, Forced Air
Laundry Features: In Unit
Living Area Source: Public Records
Utilities: Sewer Connected
Rooms Total: 13
Stories Total: 3
Window Features: Thermal Windows

External

Construction Materials: Drywall, Plaster, Clapboard
Exterior Features: Porch
Foundation Details: Concrete Perimeter
Number Of Buildings: 2
Number Of Units Total: 3
Parking Features: No Garage
Property Condition: Under Construction
Waterfront Features: Walk to Water
Water Source: Connected, Public

Location

Community Features: Golf, Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
Lot Size Square Feet: 3485

Additional

Documents Count: 3
Mls Status: Active Under Contract
Patio And Porch Features: Porch
Permission: IDX
Possession: Immediately
Sewer: Connected, Public Sewer
Source System ID: TRESTLE
Source System Key: 1021003206

Financial

Tax Annual Amount: 4155
Tax Assessed Value: 445300
Tax Block: 31
Tax Lot: 4
Tax Year: 2021

Zoning Info


Area Info


IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2022 RI State-Wide MLS (RIS). All rights reserved. Listed by YHSGR Nathan Clark Team. Data last updated: Tuesday, August 9th, 2022 at 05:52:00 AM.

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