Multi-Family Investment Opportunity with Buildable Lot in Barrington, RI? Address: 88 Maple Avenue, Barrington, RI?Price: $950,000?Current Rental Income Potential: $7,000/month ($84K/year) from existing building?Future Potential: Even higher with the additional buildable lot. This is a rare opportunity to own a versatile investment property in Barrington, Rhode Island—one of the state’s most desirable towns, known for its top-rated schools, coastal charm, and vibrant community. ?Property Highlights • Two-family brick home, generating up to $7,000/month in rental income from its existing structure • First-floor unit: Newly renovated within the last 6 months, featuring 3 bedrooms and modern updates • Second & third-floor unit: Spacious 4-bedroom apartment, perfect for tenants or multi-generational living • Full basement with updated electrical, washer/dryer hookups, and ample storage • Oil heating system, with recent gas line installation for easy conversion • City water and sewer Expansion Opportunity – Buildable Lot Included • Already approved for a second multi-family home • One unit in the new building must be rented at 30% below market value for 30 years (per permitting requirements), making it an attractive option for long-term investors • Potential for significantly increased rental income with a second structure Prime Location – Walkable & Convenient • Walking distance to downtown Barrington’s shops, restaurants, and waterfront attractions • Close to award-winning schools, ideal for families and long-term tenants • Easy access to Providence, Newport, and surrounding areas Serious Inquiries Only Seller requests proof of funds before scheduling a showing. Contact Edward at 401-374-7373 for more details or to discuss potential buyer-agent commissions. ? ?
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