This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Specialty Property is no longer advertised on LoopNet.com.

222 Prospect Ave
Middletown, RI 02842

Sea Whale Cottages · Specialty Property For Sale · 2,250 SF

Investment Highlights

  • The property is located one mile from Second Beach
  • The nearly 2-acre parcel provides privacy and may offer an opportunity for expansion
  • Units are turnkey furnished with stoves, refrigerators, washers, and dryers

PROPERTY FACTS

Property Type Specialty
Property Subtype
Residential Income
  • Hospitality Hotel
Lot Size 1.86 AC
Building Size 2,250 SF
No. Stories 1
Year Built 1930
Parking Ratio 5.78/1,000 SF

About 222 Prospect Ave , Middletown, RI 02842

The unique Sea Whale cottages offer an investment opportunity for weekly rentals, a family compound, or owner-occupied property with the ability for good income. The 3 units bring in seasonal revenues from April through October of approximately $6K a week. All cottages have their own utilities, including heat, and may be rented off-season. The property is located one mile from Second Beach. Restaurants and beaches are nearby. The grounds of these cottages are immaculate. Each cottage has its own driveway, picnic table. etc. The property has its own new well that provides water to all units. The 1.86 ac of land has beautiful plantings and grapevines on the parklike grounds. Units are turnkey furnished with stoves, refrigerators, washers, and dryers.The heated garages/workshop provide space for cars, equipment, and winter storage. The nearly 2-acre parcel provides privacy and may offer an opportunity for expansion. There is a buildable lot in the back of the property. This property must be seen to be appreciated. The owners have painstakingly cared for it. Pictures tell a thousand words

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MIDD-000121-N000000W-000117
Land Assessment
$569,800
Improvements Assessment
$587,500
Total Assessment
$1,157,300

zoning

Zoning Code R40
R40
  • Listing ID: 16972420

  • Date on Market: 8/20/2019

  • Last Updated:

  • Address: 222 Prospect Ave, Middletown, RI 02842

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}