20 Donald Dr Middletown, RI 02842

INVESTORS TAKE NOTICE of this rare opportunity to own two excellent residential rental properties plus two additional garage rental spots in ideal Middletown location!! Strong rental numbers with projected rents of $70,000 per year and a cap rate of approximately 8%. This unique property includes a 4-bedroom stately colonial home fronting onto a quiet dead end street in Chase Estates as well as a stylish 3-bedroom lofted residence with year round water views fronting onto Chase's Lane. The colonial style home has comfortable layout with kitchen opening into dining room, front-to-back large living room, breezeway to one-car garage and back deck with private back yard. The lofted space has open living area, radiant heating, chef's kitchen, master bedroom with en suite bath and two additional bedrooms and full bath plus large front deck with beautiful sunset views of Narragansett Bay. This property has been extremely well maintained. Two of the three garage bays could be rented separately (third bay being utilized by 3-bedroom loft). Tenants in place and leases run through April 2020.