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. This unique condo-tel 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 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
First-floor entry access
Has a view
Parking
Assigned parking (2 spaces), no garage
Construction
Drywall and vinyl siding construction
Slab foundation
Utilities
Public water
Septic tank sewer
HOA & community
Monthly association fee of $325
Association covers cable TV, electricity, heat, HVAC, hot water, insurance, internet, grounds maintenance, parking, snow removal and water
Community amenities include golf, marina, pool, public transportation, recreation area, tennis courts, shopping, restaurants, highway access and proximity to hospital and schools
Financial info
Pets allowed; pets negotiable
Other
Part of an 8-unit community
Electricity and solar
View estimated energy costs and solar savings for this home