Off-Market Property at 83 Broadmoor Rd, Providence, RI, 02910
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83 Broadmoor Rd, Providence, RI, 02910

$399,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $295 per day and long-term for an average of $2,875 per month, based on similar listings in the area. Estimated short-term cap rate of 3.8%. Estimated long-term cap rate of 1.1%. Presenting a tastefully crafted custom-built ranch that exudes character and pride of ownership. Nestled on a prime corner lot with a welcoming front yard equipped with a multi-zoned lawn sprinkler system and a modest vegetable garden. Inside, the residence showcases a balance of mid-century charm with contemporary needs. Experience the warmth of 3 well-appointed bedrooms, 1.5 baths—with the main bathroom reflecting a delightful nod to the retro '60s.For those who love to entertain, the half-finished basement is your canvas—featuring a unique custom bar and recreation room. Storage will never be an issue with ample space, including a classic cedar closet.Central air assures comfort year-round, complemented by efficient natural gas heating. Beautiful hardwoods guide you through, leading to a living area featuring a cozy fireplace and a formal dining space. The finished breezeway is a nod to functionality, while the covered deck invites you to relax.The neighborhood is a great means of exercise and abundant, located within a stone's throw from the newly minted Garden City Elementary school. In just a short walk distance you’ll find Rolfe Square, steeped with charm, offering everyday amenities—a local grocery store, post office, and other vibrant local businesses. Not to mention, major highways, shopping, and entertainment hubs are merely a short drive away.Discover the blend of tradition and opportunity.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4650
Bedrooms
3
Bathrooms
2
SQFT
1,274
Furnished
unknown
Year built
1956
Listing Status
Off Market
MLS
1345671

Short-term Rental Potential
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$45,288

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$313

Price/SQFT

Long-term Rental Potential
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$34,500

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,875/mo

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