Investing in real estate can be a great way to build wealth and create a steady stream of passive income. And when it comes to investment properties, location is key. That’s why this Rhode Island investment property for sale is an opportunity that should not be missed.
Located close to downtown Newport, King Park, and Salve University, this property is situated in a wonderful location that is sure to attract renters and vacationers alike. With its open floor plan, eat-in kitchen with stainless steel appliances, full laundry, and two bathrooms, this property has everything that modern tenants are looking for.
The primary bedroom is a standout feature of this property, with sliders that open to the deck, allowing for plenty of natural light and fresh air. And with two assigned parking spaces, tenants will have no trouble finding a spot to park their vehicles.
One of the best things about this investment property is that it is already leased from September 1, 2023, to May 31, 2024, for $2400 a month, plus utilities except for water. This means that investors can start earning passive income right away without having to worry about finding tenants.
But that’s not all. This property is also available to lease or use this season, from June through August. With the potential to earn anywhere from $10,000 to $15,000 during the summer months, this property is a great investment opportunity for those looking to make a quick return on their investment.
Investing in real estate can be a smart move for those looking to build wealth and generate passive income. And with this Rhode Island investment property for sale, investors have the opportunity to invest in a property that is already leased and has the potential to earn even more during the summer months. So, if you’re looking for an investment opportunity that is sure to pay off, this property is definitely worth considering.