Off-Market Property at 110 Congdon St, Providence, RI, 02906
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110 Congdon St, Providence, RI, 02906

$2,799,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $925 per day, based on similar listings in the area. Estimated short-term cap rate of -0.4%. Perfectly perched overlooking the city, Garden House is a singular architectural masterpiece in harmony with the urban landscape. This home, sited in College Hill on the East Side of Providence and designed by the architectural firm Huygens and Tappé, exemplifies the Brutalist style characterized by exposed brick, angular geometric shapes and a predominantly minimalist color palette. Steel, timber and glass combine here in the epitome of this architectural form, which emerged during the 1950s in the United Kingdom and gained favor worldwide over the following two decades. Built in 1974, Garden House broke tradition with the standard Colonial fare on College Hill, while giving an artful nod to its famous neighbors down the hill, Rhode Island School of Design and Brown University. The home boasts floor-to-ceiling glass with panoramic views to the west, affording breathtaking sunsets to close out each day, and some of the very best cityscape views, day or night. With three bedrooms, five bathrooms, a chef's kitchen, multiple fireplaces, an indoor waterfall, in-ground swimming pool, central air conditioning and an attached two-car garage, your urban sanctuary awaits. *This home is being sold with an additional buildable lot with an entrance on 132 Pratt Street.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$25951
Bedrooms
3
Bathrooms
5
SQFT
3,303
Furnished
unknown
Year built
1974
Listing Status
Off Market
MLS
1331803

Short-term Rental Potential
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$193,800

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$847

Price/SQFT