If you’re looking for an investment property in Rhode Island, this Newport bungalow is worth considering. Located just a quarter mile from Cliff Walk and Easton’s Beach, this charming three-bedroom, two-bathroom home is perfect for vacationers looking to stay in the heart of Newport.
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One of the standout features of this property is its new deck, which is perfect for enjoying warm summer days and evenings. The deck overlooks a private, fenced backyard, which is a great place for kids to play or for pets to roam. The home also has an outdoor shower, which is perfect for rinsing off sand and saltwater after a day at the beach.
Inside, the home is cozy and comfortable. The living room features a fireplace, perfect for cooler evenings, and the bedrooms are spacious and bright. The property also has a garage, which is a valuable amenity in Newport, where parking can be challenging.
Another advantage of this property is its location. It’s just minutes from Bellevue Avenue, which is known for its fine shopping, dining, and entertainment. Vacationers will appreciate being able to walk or bike to some of Newport’s most popular attractions, including the Cliff Walk, Easton’s Beach, and the Newport Mansions.
Perhaps the most attractive feature of this property for investors is the lease in place until June 2024. This provides a steady stream of income for the next several years, making it a low-risk investment opportunity.
Overall, this Newport bungalow is a great investment opportunity for anyone looking to purchase an investment property in Rhode Island. With its location, amenities, and steady stream of income, it’s a smart choice for both seasoned investors and those new to the market.
213 S Rhode Island Avenue, Newport, RI 02840