OWN YOUR MIQUAMICUT BEACH GETAWAY WITH INCOME POTENTIAL Imagine having your own place in Miquamicut 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. Buyers can choose the unit that best fits their goals or explore the opportunity to acquire multiple units. 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.
CondoProperty Type
1940Year Built
$845Price/Sq.Ft.
$310/moHOA Dues
8 spacesParking
Listed by Harrison McCormick• Stanton Realty, Inc.
Beach access and water access; within walking distance to the water
100 ft frontage
Home design
Condominium (BeachBall Condo)
2 stories
Entry level at level 2
Has a view
Parking
Assigned parking (no garage)
8 total parking spaces in the community
Construction
Drywall and vinyl siding construction
Slab foundation
Utilities
Public water
Septic tank
HOA & community
Monthly association fee of $310
Association covers electricity, heat, HVAC, hot water, insurance, internet, grounds maintenance, parking, snow removal, security and water
Community amenities include golf, marina, pool, tennis courts, recreation area, shopping, restaurants, public transportation, highway access and proximity to hospital and schools
Financial info
Pets allowed; pets negotiable
Electricity and solar
View estimated energy costs and solar savings for this home