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301 Hope St, Bristol, RI 02809

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For Sale

$650,000

3 beds • 3 baths • 2,620 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 1789
    Year built

  • $248.09
    Price per square foot

Explore this Property

Pleased to present a mixed-use asset with a great blend of capital appreciation and strong income history. This is a rare high-yield investment opportunity and trophy property in the most walkable location in all of Bristol: The Downtown Parade Route. Total monthly income is $4,250/month with potential for $5,000+. Located in the heart of downtown Bristol right on the famous parade route. In addition to excellent visibility, this is in an area with high levels of foot traffic from local residents, college students and tourists, which drives significant business for the two side by side retail commercial units on the 1st floor: a cafe ($2,100/month, increasing to $2,300 in May 2023) with a full lower level and kitchen; and a gift shop ($950/month-to-month) 25-year tenant. The residential townhouse style unit located on the 2nd and 3rd floor generates $1200 via a month-to-month lease; however, market rent = $1,800/month. This unit features 3 bedrooms, a full bath and recently renovated kitchen. *Residential unit has lucrative Airbnb potential as it generates $8,000/month in the summer*. Property is within a 5-minute walk to the water. Do not miss out on the opportunity to add this valuable asset to your portfolio. Schedule an appointment today!
MLS# 1305997

Listed By CENTURY 21 The Seyboth Team

Property Features

  • Cooling
    Central A/C
  • Heating - Fuel Type
    Gas, Oil
  • Heating Type
    Forced Air
  • Style
    Other Style

Map and Directions

Directions to 301 Hope St, Bristol, RI 02809

Home seller Meet the Agent,
Kyle Seyboth

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Kyle Seyboth

of CENTURY 21 The Seyboth Team

(508) 726-3492
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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