21 Rosewood Ave, Providence, RI, 02905

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $257 per day and long-term for an average of $2,700 per month, based on similar listings in the area. Estimated short-term cap rate of 7.9%. Estimated long-term cap rate of 0.0%. Traditional, timeless and comfortable best describe this well-loved Colonial situated on a dead end street in the center of Edgewood. With an elementary school just a block away, this classic home is nestled in a quiet neighborhood only moments from the historic waterfront town of Pawtuxet Village lined with quaint cafes, specialty shops, and inviting restaurants. The open interior is filled with time-honored character from arched doorways and original woodwork and soaring ceilings throughout, to the attractive hardwood floors and a vintage full bathroom with original black & white tiles. There's no shortage of space in this treasured home offering a spacious living room warmed by a brick fireplace, a formal dining room, a relaxing sunroom, and a heated enclosed porch. Additional space can be found in the finished lower level offering the perfect spot for a home office or a fitness room, or out in the cabin-like garage presenting an ideal nook for a studio, craft room, or a cozy place to escape. Private backyard fenced-in with mature perennial gardens and quaint patios for outdoor enjoyment. Important updates include a newer furnace & hot water tank, and new exterior drains have been municipally connected. This truly is a remarkable find.