Offered By: Stephanie Sherwin
Realtor: ---
Address: 22 Liberty St.
City: Newport
State: Rhode Island
Toll Free: 800-392-3717
Phone: ---
Fax: ---
Web: www.attwatervilla.com
E-Mail: rrcaron@cox.net
Square Ft.: ---
Year Built: 1910
Guest Rooms: 15
The Inn is a unique historic fixture in Newport Rhode Island. Built in 1910 the Inn was upgraded and refurbished in both 1986 and 2000-2003. The Attwater Villa has 5 different styles of rooms, and total of 15 units. Modern amenities are availible in all the rooms. The building is located in downtown Newport with a max walking time of 5-8 minuites to most tourist activities in town, including warf distric (stores and retaurants), Mansions/Tennis Hall of Fame and beaches. The property includes two buildings the main Inn and the cottage, (three level house with accomadations similar to condos with kitchens and living rooms) all units have private baths. There is several options for innkeepers quarters. The Inn is being offered at $2,100,000.00. The last 4 years have seen incomes ranging from $265,000.00 to $285,000.00 per year. Great possibility of income growth thru rate increases (none since summer '99) and underutilized space in the Inn. Contact person is Roland Caron please only serious inquiries, but all are welcome to view our virtual tour web site at www.attwatervilla.com. Great season shaping up for summer of 2004 many weekdays and weekends quickly filling. Will train or assist as needed for smooth transition.