If you’re in the market for a new investment property, you might want to consider this Airbnb for sale in Rhode Island. This property is located in a wonderful location, close to downtown Newport, King Park, and Salve University. It boasts an open floor plan, an eat-in kitchen with stainless steel appliances, a full laundry, and two bathrooms. The primary bedroom even has sliders that open to the deck, giving you a great view of the surrounding area.
One of the best things about this property is that it comes with two assigned parking spaces, which can be a huge asset when renting out the property to guests. Speaking of renting out the property, it is currently leased from September 1, 2023, to May 31, 2024, for $2400 per month plus utilities (excluding water). This means that if you purchase the property now, you will have a guaranteed income stream for the next few years.
However, if you want to use the property for yourself during the summer months, you can do so as it is available to lease or use this season, from June through August. The potential summer lease income for this property is estimated to be between $10,000 to $15,000, which can be a great way to offset your expenses.
Rhode Island is a popular vacation destination, and Newport is one of the most sought-after locations in the state. With its stunning beaches, rich history, and vibrant culture, Newport attracts thousands of visitors every year. By owning an Airbnb property in this area, you’ll have a steady stream of potential guests who are looking for a comfortable and convenient place to stay.
Overall, this Airbnb for sale in Rhode Island is a great investment opportunity for anyone looking to get into the short-term rental market. With its prime location, modern amenities, and potential for high rental income, this property is definitely worth considering. So, if you’re an investor looking for a new opportunity, make sure to check out this property before it’s too late!
26 Narragansett Avenue, Newport, RI 02840