About This Home
This 1-bedroom, 1-bathroom condo at 20 Winnapaug Road #B1 in Westerly, RI is listed for $360,000 ($706 per sqft). Built in 1940, the home offers 510 sqft of living space on a N/A lot.
Key Features
- Built in 1940
- 2 stories
- 2 parking spaces
Property Details
Amenities
OWN YOUR MIQUAMICUT BEACH GETAWAY - WITH INCOME POTENTIAL Imagine having your own place in Misquamicut where you can spend summer weekends at the beach, walk to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income when you're not using it.
This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an income-producing investment. Located within an easy walk of the beach, these residences offer beach parking and access rights, two assigned parking spaces, and trash included with MFD taxes.
For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available, providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Whether you're looking for a summer getaway, a second home that helps offset its own expenses, or a dedicated vacation-rental investment, this is an opportunity to own in one of Westerly's most recognizable beach destinations.
Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.
Monthly Cost Estimate
$2,250/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
20 Winnapaug Road #B1
Westerly, RI 02891
Misquamicut
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 1-bedroom, 1-bathroom condo at 20 Winnapaug Road is listed at $360,000 ($706/sqft). The estimated monthly payment is $2,250 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $325/month.
Key features include: Built in 1940, 2 stories, 2 parking spaces. Interior Features: Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown).
This property is listed by Sean Conroy and can be reached at 4017416068.
