If you’re looking for a prime investment opportunity, this Multi-family Revenue property in Newport, Rhode Island, is worth considering. Conveniently located near downtown Newport, King Park, and Salve University, this property offers tenants easy access to some of the area’s most popular attractions.
The open floor plan makes the most of the space, with a large eat-in kitchen equipped with stainless steel appliances and two full bathrooms. The primary bedroom features a deck accessed through sliders, perfect for enjoying the warm summer months. Additionally, two assigned parking spaces are included for tenants with vehicles.
The current lease is from September 1, 2023, to May 31, 2024, for $2400 per month plus utilities, excluding water. Investors can expect a steady stream of income over the next few years with no need to worry about finding new tenants. Additionally, the property is available for lease during the summer months from June to August, allowing for additional revenue opportunities through summer rentals.
This Rhode Island investment property presents a unique chance for investors to own a profitable property in a desirable location. With its convenient location, attractive features, and favorable lease terms, this property is sure to be a hit with tenants. Don’t miss out on this amazing investment opportunity!Rhode Island Investment Property For Sale