Off-Market Condo: 02 at 1 W Exchange St, Providence, RI, 02903
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1 W Exchange St, Providence, RI, 02903

- #1802

$475,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,750 per month, based on comparable local listings. Estimated long-term cap rate of -0.3%. Just listed at a reduced price! Will not last! Location, Location, Location is one of the many components this unit boasts. The layout of this one-bedroom unit flows nicely with magnificent views of the statehouse directly at eye level which can be seen from the kitchen and living room as well as the living room balcony. The view is spectacular day or night, especially Water fire nights. The Omni Residences is connected to the Omni hotel where you have gym access, hotel access, restaurant access (Flemings) and Providence Place Mall access which is truly helpful during inclement weather. The building's 24-hour doorman staff and security are second to none and a garage at the base of the units connects the tenants safely and securely into their homes. Federal Hill and Amtrak both .3 miles away and routes 95 and 195 arteries conveniently close. Neighbors are down to earth and friendly for being so high up in the clouds! Come see unit 1802 today and make it yours! Sold Furnished or Unfurnished

Property Information
Monthly Rent
$3,750
Monthly HOA
$1085
Rental Policy
STR Restrictions
Yearly Taxes
$3295
Bedrooms
1
Bathrooms
1
SQFT
980
Furnished
unknown
Year built
2007
Listing Status
Off Market
MLS
1345603

Long-term Rental Potential
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$45,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,750/mo

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