Off-Market Property at 36 Conifer Dr, Providence, RI, 02904
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36 Conifer Dr, Providence, RI, 02904

$719,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $260 per day, based on similar listings in the area. Estimated short-term cap rate of 1.4%. Welcome to Lee’s Farm!!! One of the most desirable neighborhoods in North Providence. Easy highway access to both 295 and 95. You have major corporations like Amica, Citizens bank, Lifespan and Fidelity all in your immediate area. Not to mention major University/College campuses. (Brown, JWU, Bryant, PC, RISD) This 5 bed updated home has all the bells and whistles. Two levels for entertaining both with an open floor plan. New kitchen and appliances. Three brand new bathrooms one has a heated tile floor with a separate tub & shower for a spa feel. New flooring throughout. Hardwoods upstairs. Two master suites. One with a fireplace. Central air upstairs and mini split downstairs. Separate laundry room, mud room, and two car garage, New Navien boiler combo with on demand hot water tank. New 200 amp electric panel. Outdoor landscape lighting and sprinkler system. Solar panels are fully paid with only two years of use. Lower electric bill plus the electric company pays you monthly. Lush landscaping design in resort style property. Two distinct dining and seating areas for in ground pool/fenced in yard. Ring cameras included.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5897
Bedrooms
5
Bathrooms
3
SQFT
3,116
Furnished
unknown
Year built
1979
Listing Status
Off Market
MLS
1335477

Short-term Rental Potential
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$61,788

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$231

Price/SQFT