Rhode Island Investment Property for Sale: Kay Street Family Home
Are you looking for your next investment property in Rhode Island? Look no further than this large family home on Kay Street, adjacent to Braga Park and Reservoir. Recently renovated, this property boasts a new first-floor master suite and kitchen with stainless steel appliances and stone countertops. The large living room features a striking stone fireplace and deck access, perfect for enjoying the beautiful Rhode Island weather.
With five large bedrooms and four full baths, this home offers plenty of space for a large family or vacation home rental. Additionally, the lower-level family room, laundry, full bath, and kitchenette could easily be converted into an in-law suite. The separate large two-car garage has room for a workshop and plenty of storage, and there is parking available for up to six additional cars.
Currently leased through 2024 for $4200.00 per month plus utilities, this property offers a strong off-season rental income for those looking to invest in vacation rental properties. And with its convenient location just minutes from Newport and First Beach, this property is sure to attract vacationers looking to explore the best of Rhode Island.
If you’re in the market for a spacious family home or investment property in Rhode Island, this Kay Street property is definitely worth considering. With its recent renovations, ample space, and strong rental income potential, it’s a great opportunity to invest in one of the most sought-after areas of the state. Contact us today to schedule a viewing and see for yourself what this property has to offer!
147 Kay Street, Newport, RI 02840