Description
OWN YOUR MIQUAMICUT BEACH GETAWAY — WITH INCOME POTENTIAL
Imagine having your own place in Miquamicut where you can spend summer weekends at the beach, walk
to nearby restaurants, enjoy your own assigned parking, and still have the ability to generate rental income
when you’re not using it.
This unique condotel opportunity offers the best of both worlds: a personal coastal retreat and an
income-producing investment. Located within an easy walk of the beach, these residences offer beach
parking and access rights, two assigned parking spaces, and trash included with MFD taxes.
For the investment-minded buyer, projected cap rates exceed 10% on the four units currently available,
providing an opportunity to enter the Misquamicut vacation market at an attractive price point. Buyers can
choose the unit that best fits their goals—or explore the opportunity to acquire multiple units.
Whether you’re looking for a summer getaway, a second home that helps offset its own expenses, or a
dedicated vacation-rental investment, this is an opportunity to own in one of Westerly’s most
recognizable beach destinations.
Walk to the beach. Walk to restaurants. Park at the beach. Generate income. Enjoy Miquamicut.
Four units currently available. Inquire for individual pricing, projected income, expenses, and cap-rate
information.
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance