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8 James Street, Narragansett, RI 02882

Beds
3
Baths
2
Sqft
864

View property features, location on map, relevant school information and overview from seller's agent.

Listed bySerhant Rhode Island
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Overview

Welcome to this legal two-family property in the heart of Southern Narragansett. From the curb, this charming wood-shingled ranch appears to be a quaint single residence located at the end of a dead-end street, but savvy investors will appreciate the income-generating potential of its two distinct units. The thoughtfully designed layout features a cozy 300-square-foot studio apartment on one side and a well-proportioned 564-square-foot two-bedroom unit on the other. Both units boast full bathrooms with stand-up showers and are finished with durable luxury & commercial vinyl flooring throughout, ensuring minimal maintenance for owners and lasting appeal for tenants. Recent updates include a updated kitchen in the studio apartment and a fresh coat of paint (2024), while practical amenities like individual 100-amp electrical panels for each unit's electric heat provide autonomy and efficiency. The property is serviced by town water and features a three-bedroom septic system. Location is key - enjoy easy access to local beaches while property owners benefit from low Narragansett tax rates. As a bonus, this property sits within a designated Opportunity Zone, offering potential tax advantages for investors. With its proven track record as an income-generating property and current lead certificate in hand, this side-by-side duplex presents an exceptional opportunity for investors seeking a turnkey rental property in one of Rhode Island's most desirable coastal communities.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Number of bedrooms
3
Number of bathrooms
2
Square feet
864
Lot size (acres)
0.13
Year built
1961

Exterior features

Area amenities
Golf Course

Utilities

Heating
Baseboard, Electric, Zoned
Cooling
None
Sewer
Septic tank

Taxes

Tax Annual Amount (2024)
$3,301

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: StateWide MLS MLS®#: 1382921 Last checked:

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