Off-Market Property at 61 Holly St, Providence, RI, 02906
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61 Holly St, Providence, RI, 02906

$1,235,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $953 per day, based on similar listings in the area. Estimated short-term cap rate of 6.8%. This East Side gem is a brick & shingled 1930s Colonial home, nestled on the corner of Holly St. & Westford Rd. The home has been expertly landscaped and is bordered by a stacked-stone wall. Inside you will find a wide-open entry foyer, high ceilings, natural light, superb moldings and spectacular hardwood floors. The living room features a sunny bay window and charming gas fireplace. Enter the formal dining room with a second bay window and a traditional, built-in China cabinet. The cook's kitchen offers expansive custom cabinetry, granite counters, two sinks and top-level appliances. A guest powder room completes the 1st floor. The graceful staircase showcases a bank of windows drawing your attention up to the 2nd floor landing. The primary suite offers ample closet space, as well as its own ensuite bathroom and can be closed off for complete privacy. There are 2 additional bedrooms and two more full baths. A staircase provides easy access to the attic with lots of extra storage space. The lower level provides a recreation room, another powder room, laundry area, wet bar, wine cellar, cedar closet, and direct access to a landscaped brick driveway. The private backyard has a brick terrace and an architecturally designed water garden. This meticulously maintained home is in excellent condition with central AC and forced hot air. Close to all East Side schools, shops & restaurants, Blackstone Blvd's walking trail, minutes to downtown Providence and a quick commute to Boston.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7694
Bedrooms
3
Bathrooms
5
SQFT
2,209
Furnished
unknown
Year built
1936
Listing Status
Off Market
MLS
1345274

Short-term Rental Potential
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$171,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$559

Price/SQFT