Rhode Island Investment Property for Sale: A Wonderful Location for Investors
Investing in a property is one of the most significant financial decisions a person can make. It requires careful consideration of several factors such as location, price, and potential returns on investment. Fortunately, Rhode Island offers a great opportunity for investors to acquire a property that ticks all the boxes – a beautiful investment property that is now up for sale.
Located in a prime spot, this investment property is close to downtown Newport, King Park, and Salve University. This makes it an ideal location for students, professionals, and tourists who want to be close to the city’s amenities and attractions. With its open floor plan, eat-in kitchen, and stainless steel appliances, the property’s interior is both modern and functional.
The property also features a full laundry and two bathrooms, which is perfect for tenants who value convenience. The primary bedroom comes with sliders that open to the deck, providing a great view of the surroundings. Furthermore, the property has two assigned parking spaces, a valuable asset in a city where parking can be a challenge.
The property is leased from September 1, 2023, to May 31, 2024, for $2400 per month plus utilities, except for water. This provides investors with a reliable source of income for the next few years. Additionally, the property is available to lease or use this coming summer season from June through August, with summer lease potential of $10,000 to $15,000.
This Rhode Island investment property offers an excellent opportunity for investors seeking a property that is in an ideal location, with a steady income stream and high potential for returns on investment. For those who are looking to diversify their portfolio, this property should not be missed.
In conclusion, this Rhode Island investment property for sale is a fantastic opportunity for investors looking to invest in a property with great potential. With its convenient location, modern amenities, and reliable source of income, this property offers everything a property investor could want. So, take advantage of this opportunity and invest in this beautiful property today!
26 Narragansett Avenue, Newport, RI 02840