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Lila Delman Compass Brokers Sale Of Meadowgrass In Middletown, RI For $5.9M

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SOLD
$5,900,000

Rhode Island

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Single Family6,519 SF
Sold 02/09/2024
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Property Image
SOLD

Lila Delman Compass Brokers Sale Of Meadowgrass In Middletown, RI For $5.9M

664 Third Beach Road

See Similar Deals
Single Family6,519 SF
Sold 02/09/2024
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$905
Total Square Footage:6,519 SF
Transaction Type:Sale

Meadowgrass, located at 664 Third Beach Road in Middletown, RI, was recently sold for $5.9 million. This single-family property sits on a spacious 1.6-acre lot, offering ample room for relaxation and outdoor activities. With a total square footage of 6,519, this property provides plenty of space for comfortable living. The sale price per square foot was $905, showcasing the value of this stunning property.

Summary of Transaction Details

  • Property Type: Single Family
  • Transaction Amount: $5,900,000
  • Address: 664 Third Beach Road, Middletown, RI
  • Market: Middletown, RI
  • Asset Type: Single Family
  • Acres: 1.6

Lila Delman Compass brokered the sale of Meadowgrass. The transaction was represented by Alexandra Thursby from the Newport office. Through her expertise and strong negotiation skills, Alex ensured a successful deal for the buyer, resulting in the acquisition of this remarkable property. The sale of Meadowgrass highlights the exceptional work carried out by the team at Lila Delman Compass.

Players

Alexandra Thursby
Lila Delman Real Estate
Alexandra Thursby
2 deals$7.4M volume
BROKER

Details

SOLD
IMAGE: Alexandra Thursby DATE: 02/09/2024 ADDRESS: 664 Third Beach Road MARKET: Middletown, RI ASSET TYPE: Single Family ~ ACRES: 1.6 BROKER: Alexandra Thursby - Lila Delman Real Estate SALE PRICE: $5,900,000 SF: 6,519 ~ PPSF: $905 NOTE: Lila Delman Compass brokered the sale of 'Meadowgrass', 664 Third Beach Rd., for $5.9 million, with buyer representation by Alex Thursby from the Newport office.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
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