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income property

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income property  
n.  Real estate that produces current income, typically from rental payments.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

income property

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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