41-43 Red Cross Ave, Newport, RI 02840

Welcome to Red Cross Avenue, a tranquil tree-lined community nestled in the heart of Newport. Stroll to Easton's Beach, the Cliff Walk, Bellevue Avenue or downtown. This spacious two-family home offers mirror-image units side-by-side, each over three floors. Each carefully maintained unit boasts over 1,650 square feet of living space including 5/6 bedrooms and 2 bathrooms. Newer windows, roof, wiring, and gas central heating have been installed. Hardwood floors recently refinished. The first floor of each unit contains a master bedroom (with fireplace), bathroom, living room and an eat-in kitchen. Both units have their own basements with laundry and separate utilities. 2 king-sized bedrooms on the second floor, a 3rd good-sized bedroom, and a 3-piece bathroom with jetted tub and towel warmer. The third floor has 2 small bedrooms per side. Beacon Hill style garden at the back surrounded by mature 15ft hedges. Hard-surfaced parking for 12 vehicles in the rear of the property could be used to build a 3-bay garage, guest/studio accommodation or a home office. Owner-occupied currently, leases are in place for both units from Sept 2019 through May 2020, totaling $5,500 per month. A strong rental history, with potential annual income of $80,000+ if rented in summer, the property can be acquired as a turn-key investment. OR rent one side and keep the other as your Newport beach-house. Alternatively, combine both units into a spectacular family home!