118 Wolcott Avenue, Middletown, RI, 02842 | $1,800,000

Attention investors! The solidly built and well-maintained ranch home is grandfathered to allow short-term rentals without a special permit or owner occupancy, and comes with an additional lot. As an added bonus, duplexes are allowed on either lot by special permit. Each lot is legally nonconforming with respect to frontage and lot width, but an administrative subdivision is required to remove a slight encroachment of the house over the common lot line. The administrative subdivision will increase the size of one lot to at least 20, 000 sf, which would allow an accessory dwelling unit by right if the proposed ordinance is adopted. The other lot will be approximately 16, 915 sf. The house features hardwood flooring, except for the eat-in kitchen (linoleum) and bathrooms (tile), an efficient 95% AFUE direct vent gas boiler (2015), attic fan, architectural shingles (2013), optional 1st floor washer/dryer hookups, huge back yard with 6' chain link fence, knotty pine breezeway to attached 2-car garage, tool shed, brick patio and front walkway, basement cedar closet, new efficient toilets, and window awnings on west side. The property is being offered as a package, but the owner will entertain selling individually (subject to approval of the administrative subdivision).

Features