Off-Market Property at 626 Smithfield Road, Providence, RI, 02904
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626 Smithfield Road, Providence, RI, 02904

$349,999

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $162 per day and long-term for an average of $3,350 per month, based on similar listings in the area. Estimated short-term cap rate of -0.8%. Estimated long-term cap rate of 2.6%. This 3-bedroom end unit is the largest in the complex! Private driveway & Garage with easy In & Out access. Enjoy one of the largest private Trex decks in the complex all summer long! The home boasts many upgrades. Cherry Hardwoods & Tile throughout the downstairs. Central air. White Shaker cabinets and brushed nickel hardware in the kitchen with a new stone backsplash! Downstairs bathroom has been updated recently. Washer/ dryer hook ups off of the kitchen. Brand new hot water tank installed (2/23). Marble wood burning fireplace in the living room. Upgraded double hung vinyl windows have been installed throughout the entire unit. The ceilings have been newly painted throughout the entire house. (4/23) The 2nd floor has 3 bedrooms. 1 bedroom has vaulted ceilings and new carpet. The other spare bedroom has a full wall length closest for storage. The master is very spacious and has French doors that lead to an en suite bathroom with a Jacuzzi tub. The custom walk in closest was built in 2021 and was maximized to hold the biggest of wardrobes! This unit is unlike any you will find in a condo as it has EXTENSIVE attic storage that was upgraded with electric as well. With a little work you could turn it into an additional walk-up loft/ office space. Pet Free / Smoke Free.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$345
Rental Policy
daily
Yearly Taxes
$4740
Bedrooms
3
Bathrooms
3
SQFT
1,400
Furnished
unknown
Year built
1988
Listing Status
Off Market
MLS
1339630

Short-term Rental Potential
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$28,416

Revenue
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Profit
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Cap rate
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Cash on Cash
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$249

Price/SQFT

Long-term Rental Potential
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$40,200

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,350/mo

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