Are you looking for an investment property in Rhode Island that is close to all the action? Look no further than this fantastic property located just a stone’s throw away from downtown Newport, King Park, and Salve University.
Featuring an open floor plan with an eat-in kitchen complete with stainless steel appliances, full laundry, and two bathrooms, this property is perfect for those looking to invest in a hassle-free rental property that is easy to maintain.
The primary bedroom boasts sliders that open onto a deck, perfect for taking in the fresh air and enjoying the beautiful surroundings. Additionally, the property includes two assigned parking spaces, making it easy for tenants to come and go as they please.
Currently leased from September 1, 2023, to May 31, 2024, for $2400 per month plus utilities (excluding water), this property is already generating income for its owner. And with its prime location, it is sure to attract tenants easily.
But the benefits don’t stop there. This property is also available to lease or use during the summer season from June through August. With its potential for summer leases ranging from $10,000 to $15,000, this property offers an excellent opportunity for investors to generate even more income.
Whether you are an experienced investor looking to add to your portfolio or a first-time buyer looking for a property that practically pays for itself, this Rhode Island investment property for sale is a fantastic opportunity that shouldn’t be missed.
26-Narragansett-Avenue-Newport-RI-02840