Off-Market Property at 2 Chace Dr, Providence, RI, 02906
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2 Chace Dr, Providence, RI, 02906

$559,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,575 per month, based on comparable local listings. Estimated long-term cap rate of -1.6%. Located on the coveted East Side of Providence, just steps away from the scenic Blackstone Boulevard and the vibrant Hope Village, this meticulously maintained home offers a delightful blend of comfort, convenience, and elegance. This home has been lovingly maintained, reflecting pride of ownership. From the moment you step inside, you'll notice the care and attention to detail that has gone into preserving its charm and functionality. Spacious bedrooms offer comfort and well-appointed closets. Gleaming hardwood floors flow throughout the home, adding warmth and character to every room. Stay comfortable year-round with central air conditioning, providing relief during the summer months. Solar panels have been installed to offset electricity costs, a sustainable and cost-effective addition. The finished basement provides additional living space. Step outside to a charming patio and beautifully landscaped backyard, perfect for outdoor entertaining and relaxation. The attached garage offers convenience and additional storage space. Whether you're looking for a peaceful retreat, a vibrant community, or a combination of both, this property offers the best of both.

Property Information
Monthly Rent
$2,575
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4113
Bedrooms
2
Bathrooms
2
SQFT
1,050
Furnished
unknown
Year built
1950
Listing Status
Off Market
MLS
1344351

Long-term Rental Potential
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$30,900

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,575/mo

Rent