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32289498
32289249

57 Tuckerman Avenue, Middletown, RI 02842

KM
RI REB0018812
Domain Properties
Listed by Domain Properties
$4,795,000
29 days on market
Updated 29 days ago

57 Tuckerman Avenue

Details
Property Type Hospitality, Special Purpose
Sub Type Short-term rental
Square Footage 3,907
Cap Rate 2.75%
NOI $131,627
Occupancy 40%
Tenancy Single
Parking Spaces 6 spaces
Parking Per SqFt 1.54
Investment Type Owner/User
Ground Lease No

Your Summer Getaway, Paid For! High-Grossing Beach House

Marketing description

Summer stunner! Perfectly positioned just 7 houses from the Easton’s Beach access point, this 2018 custom-built coastal retreat offers a remarkable blend of luxury, proximity, and income potential. Ocean views are captued on all three levels with magnificent, unobstructed panoramas from the top floor. Ripe for entertaining, the main level features an expansive great room with dual living areas, a chef’s kitchen equipped with premium Wolf appliances, and seamless flow to the outdoor living space. A private first-floor in-law suite provides covenient separation for guests and/or multigenerational living. Upstairs, find three bedrooms, including a luxurious ocean-facing primary suite with balcony. But the views keep getting better — the third floor great room boasts vaulted ceilings with skylights and offers flexibility to become whatever you’ve been dreaming of. It includes a kitchenette, half bathroom, and dual balconies—perfectly perched up high to capture stunning sunsets. The elevated outdoor patio showcases custom masonry with gas fire pit, outdoor kitchen, and shower. Added highlights include off-street parking for up to six, phantom screens, central vacuum, ADT security, and so much more. Offered fully furnished, this property is a coveted licensed short-term rental—grandfathered in under prior zoning—with summer bookings in place, offering immediate income to offset costs. An absolutely turnkey beachside retreat just minutes from downtown Newport!

Investment highlights

Have you ever wanted to vacation on the coast of New England but didn't think you could afford to? Sea Lodge offers you the ability to own a luxurious property by the beach and supplement your expenses with short-term rentals. This state and town registered rental (grandfathered in from a recent ordinance change) is turn-key and grosses $200,000 annually.

Listing Contacts

KM
RI REB0018812
Domain Properties
Listed by Domain Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,627.00
$10,968.92/mo

Valuation Metrics

0
DSCR
2.75%
Cap Rate
2.75%
ROI

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Additional Information

Name
Pamela Hanson Carbone
License
REB.0018369
Brokerage
Domain Properties
Title
Broker of Record
Brokerage Address
173 Waterman St Providence, RI 02904
Name
Kelly Moran
License
REB0018812
Brokerage
Domain Properties
Brokerage Phone
6318072198
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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