OWN YOUR MISQUAMICUT 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. Unit B6 is a unique condotel opportunity, offering 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 Misquamicut. Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate information.
Beach access and water access; within walking distance to the water
100 ft frontage
Home design
2-story building
Building name: Beach Ball
First-floor entry access
Slab foundation
Parking
Assigned parking (2 spaces); no garage
Construction
Drywall and vinyl siding construction
Utilities
Public water
Septic tank
HOA & community
Monthly association fee of $306
Association covers cable TV, electricity, gas, heat, HVAC, hot water, insurance, internet, laundry, grounds maintenance, parking, snow removal, and water
Community amenities include a restaurant
Financial info
Pets allowed; pets negotiable
Other
Part of an 8-unit community
Community features include golf, highway access, marina, near hospital, near schools, pool, recreation area, restaurant, and shopping
Electricity and solar
View estimated energy costs and solar savings for this home