RPL Closes $2.905 Million Sale in Newport

Residential Properties Ltd. is proud to announce the sale of 103-111 Bellevue Avenue and Prospect Hill Street Parking Lot in Newport for $2.905 million. Sally Lapides, President & CEO of Residential Properties Ltd, alongside Peter M. Scotti represented the seller, while Cathy Singer of RPL’s Providence office represented the buyer. Built circa 1900, the property is located on Bellevue Avenue - a historic street comprised of two-and-a-half miles of beautiful shops, restaurants, and mansions. The building itself is a three story wood frame structure with 12 residential units and four commercial units–including two restaurants and a pair of shops. The well-maintained 4,300 square foot parking lot on Prospect Hill Street was also included in the transaction. Singer is a multi-million dollar producer affiliated with the Providence office for over 20 years, while Lapides is the President, CEO, and Founder of Residential Properties Ltd, which is celebrating its 35th year in business this November. For more information on Sally Lapides, Cathy Singer, and any of our current listings, please visit ResidentialProperties.com.