Description
GREAT PASSIVE INCOME OPPORTUNITY — PRICED TO SELL. Enjoy the best of both worlds- personal use and reliable income. With a strong three-year rental history producing $3,000+ per week during the summer season, this property is a proven performer for passive income. Listed at $737,500- positioned under comps and marketed to move. Passive income now. Coastal lifestyle later.
We are proud to present this amazing opportunity to own a 3 bedroom and 2 full bath home from the Bonnet Area of Narraganset, RI. Located within walking distance to great restaurants, shopping, ice cream and so much more. It’s only a short bike or car ride to the multiple beaches nearby including Narragansett Town Beach, Scarborough and Roger Wheeler beaches! What a spot to enjoy Rhode Island summers. This well maintained and cozy beach style home has an updated kitchen and dining room that look out into the bright open living room. The first floor also has it’s own full bath and a deck off the living room that overlooks the private fenced yard and a private shed. There’s even a new outdoor shower area for cleaning up after a day at the beautiful beaches that are right down the road. Head upstairs to find 3 nice bedrooms and another full bath but the highlight here is the amazing balcony that has amazing views of the West Passage and beach below.
This home is currently leased until May 19, 2026 and then again from Sept. 4 until May 19, 2027. No further leases in place after May19, 2027.
- Principal and Interest
- Property Tax
- HOA fee