Off-Market Property at 40 Aldine St, Providence, RI, 02909
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40 Aldine St, Providence, RI, 02909

$364,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $127 per day and long-term for an average of $2,450 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of 0.5%. Welcome to this newly renovated 1940's cottage home that boasts 3 bedrooms and one and half baths. This cutie pie has received many recent updates/upgrades including the addition of central A/C! It features an eat-in kitchen with stainless steel appliances, quartz countertops, and custom designed open shelving. The spa-like bath has radiant floor heating, a beautiful walk-in shower with designer doors, floating vanity and a conveniently-located washer and dryer. The floors are a combination of restored dark chestnut and sustainable and durable Marmoleum in a custom design, a real wow factor. Upgraded electrical, newer windows, roof, gutters, and vinyl siding, all less than a year old. Original details include a brick front facade, round-top 1940s door, a beautiful brick fireplace in the living room, and a partially finished basement complete with bar for endless entertaining. Enjoy your morning coffee from the partially enclosed outdoor patio, overlooking the recently created pollinator-friendly fenced-in backyard. The home also has a one car garage. Close to everything Providence and Rhode Island have to offer. Nothing to do but move into this Mt. Pleasant charmer.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4350
Bedrooms
2
Bathrooms
2
SQFT
888
Furnished
unknown
Year built
1944
Listing Status
Off Market
MLS
1345751

Short-term Rental Potential
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$23,568

Revenue
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Profit
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Cap rate
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Cash on Cash
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$410

Price/SQFT

Long-term Rental Potential
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$29,400

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,450/mo

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