$360,000

About this home

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.

Property facts

Property type

Condominium

Year built

1940

Living area (sq ft)

510

Above-grade finished (sq ft)

510

Below-grade finished (sq ft)

0

Lot size (acres)

0

Total rooms

2

Stories

1

Garage spaces

0

Total parking

2

Annual taxes

$919

Tax year

2025

HOA / condo fee

$325

Fee frequency

Monthly

Neighborhood

Misquamicut

County

Washington

Features

Heating

Electric, Baseboard

Cooling

Wall Unit(s)

Basement

None, Unfinished

Appliances

Electric Water Heater

Interior

Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)

Fireplace

None

Laundry

Off Site

Parking

No Garage, Assigned

Construction

Dry Wall, Vinyl Siding

Sewer

In Fee, Septic Tank

Water

Municipal

Waterfront

Beach, Saltwater View, Walk to Salt Water, Walk To Water

Community

Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Lot

Paved

Location