Off-Market Property at 147 Williams St, Providence, RI, 02906
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147 Williams St, Providence, RI, 02906

$729,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $260 per day and long-term for an average of $2,817 per month, based on similar listings in the area. Estimated short-term cap rate of 0.6%. Estimated long-term cap rate of -2.6%. Welcome to 147 Williams Street, located on the East Side of Providence, a charming historic home built in 1847. Throughout its long history, 147 Williams Street has been cared for with unwavering dedication. The home's charm and character have been lovingly maintained, ensuring that its unique features remain intact. Every detail has been honored and cherished, from the exquisite woodwork to the period-appropriate fixtures. While steeped in history, this residence seamlessly integrates modern comforts to meet the needs of contemporary living. One of the standout features of this property is its private patio. This outdoor space offers a serene and secluded area for relaxation, outdoor dining, or hosting gatherings. The property's location in the College Hill neighborhood is highly desirable. It is known for its historic charm, tree-lined streets, and proximity to various amenities, including shops, restaurants, parks, and prestigious educational institutions.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5674
Bedrooms
3
Bathrooms
2
SQFT
1,817
Furnished
unknown
Year built
1847
Listing Status
Off Market
MLS
1343386

Short-term Rental Potential
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$56,736

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$401

Price/SQFT

Long-term Rental Potential
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$33,804

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,817/mo

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