15 Cedar Ave, Portsmouth, RI 02871

Welcome to Cedar Cove as it is known by the locals and guests. This waterfront 2 family cottage is perfectly situated in Island Park and serene Blue Bill Cove. You and your tenants can't help but enjoy lounging on your own private Beach or walk to Beaches and any of the 8 restaurants along Park Ave. This property is conveniently located about 20 minutes from Downtown Newport, 30 minutes from Providence, and only a few miles from Middletown, Bristol, and Tiverton. Features include off street parking, an unattached garage, back yard pergola/patio, a deck for grilling or lounging overlooking the Cove, and a newly installed septic system. Flood insurance would be needed if mortgaged. Both apartments are furnished and currently occupied with tenants that have winter leases. In the summer months the owners often use one of the apartments and rent weekly or nightly to maximize rent via AirBnb and VRBO getting $300 to $400 per night in each apartment depending on the summer week. Available as a turnkey operation with furniture and essentials in place to operate. In total they consistently gross about $45,000 / $50,000 per year in rent. Call today for a private showing.