Off-Market Condo: 05 at 555 S Main St, Providence, RI, 02903
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555 S Main St, Providence, RI, 02903

- #205

$539,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,820 per month, based on comparable local listings. Estimated long-term cap rate of -0.2%. No. 205 is a beautifully appointed 2-bed/2-bath condo in Corliss Landing offering the perfect blend of modern luxury and city convenience. This unit features exposed brick walls, high wood-beamed ceilings & a spacious, open-concept design throughout - creating an inviting and versatile urban vibe. The main living space is bathed in natural light, via a grand window that frames scenic courtyard views. This room seamlessly connects to the dining area and well-appointed kitchen. The primary bedroom is generously sized, w/ an en-suite bathroom, walk-in closet, and large arched window facing the coutyard. The second bedroom is perfect for guests, a home office, or a nursery- w custom closet and large window facing the courtyard as well. Other features : In-unit washer and dryerHardwood floors throughoutElevator accessSecure building entry with intercom systemPet-friendly community2 dedicated parking spaces included with this unit Conveniently located near the new Trader Joe's complex, Rhode Island School of Design, Brown University & JWU. The proximity to historic Benefit Street, Wickenden Street, India Point Park and the Providence Riverwalk places you at the epicenter of Providence's culture, dining, and entertainment.

Property Information
Monthly Rent
$2,820
Monthly HOA
$0
Rental Policy
STR Restrictions
Yearly Taxes
$676
Bedrooms
2
Bathrooms
2
SQFT
1,184
Furnished
unknown
Year built
1835
Listing Status
Off Market
MLS
1346088

Long-term Rental Potential
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$33,840

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,820/mo

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