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Real estate purchased for the reasons of income generation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Property intended to produce income for its owners, especially from rent. Examples of income properties include apartments and office buildings. See also: Passive income.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Real estate that produces current income, typically from rental payments. Apartments, office buildings, and rental homes are considered income property.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
income propertyProperty purchased for the income it generates, such as rents.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.