Off-Market Condo: 07 at 1 W Exchange St, Providence, RI, 02903
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1 W Exchange St, Providence, RI, 02903

- #1707

$875,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,854 per month, based on comparable local listings. Estimated long-term cap rate of -6.0%. Fabulous city views from this sun-drenched corner unit offering sophisticated luxury living in vibrant Downtown Providence. The unique rounded entry foyer ushers you into the stunning open layout including a living room, dining room, and cook’s kitchen with a breakfast bar. Beautiful new hardwood floors just installed throughout the condo with the exception of in the bathrooms and the 2nd bedroom. The entire wall of living room windows gives you a spectacular view east to picturesque College Hill, while the dining area, kitchen, and primary bedroom all offer wonderful southerly views of Downtown, the Jewelry District, and Narragansett Bay beyond. The well-designed kitchen has a surprising amount of custom cabinetry and expansive granite counters, along with high-end stainless appliances. The primary bedroom features a walk-in closet plus a spacious ensuite bathroom including a soaking tub and a separate stall shower. The cheerful and bright 2nd bedroom or office with new carpeting, quality built-ins, and its own walk-in closet is very private, ideally located in a different wing of the unit, which includes another beautiful full bathroom and a laundry area. This impressive condo comes with 2 car parking in the convenient secure integral garage. Enjoy the 24-hour concierge services, along with all the exciting restaurants and shops just outside your door! Property taxes shown with the Homestead Deduction.

Property Information
Monthly Rent
$2,854
Monthly HOA
$1647
Rental Policy
STR Restrictions
Yearly Taxes
$11300
Bedrooms
2
Bathrooms
2
SQFT
1,480
Furnished
unknown
Year built
2007
Listing Status
Off Market
MLS
1342877

Long-term Rental Potential
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$34,248

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,854/mo

Rent