Off-Market Property at 50 Woodbury St, Providence, RI, 02906
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50 Woodbury St, Providence, RI, 02906

$795,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $205 per day and long-term for an average of $3,325 per month, based on similar listings in the area. Estimated short-term cap rate of -0.7%. Estimated long-term cap rate of -2.1%. Absolutely immaculate three bed, two bath south-facing Colonial on highly desirable Woodbury St. Gorgeous newly refinished oak floors, replacement windows, updated mechanicals, updated kitchen and baths. The living room has a wonderful wood burning fireplace and a sun room that can be used as a sitting area or perhaps an office. The spacious dining room has original built-ins and opens to an enclosed rear porch which opens to the backyard. The second floor has three generously sized bedrooms and a completely renovated contemporary bathroom. The basement has ample storage and laundry space. Fenced yard and one car garage. Walk to the public library, Hope Village, farmers' market, Blackstone Blvd. A beautiful opportunity!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5509
Bedrooms
3
Bathrooms
2
SQFT
1,635
Furnished
unknown
Year built
1920
Listing Status
Off Market
MLS
1345580

Short-term Rental Potential
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$51,312

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$486

Price/SQFT

Long-term Rental Potential
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$39,900

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,325/mo

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