Off-Market Property at 124 W Park St, Providence, RI, 02908
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124 W Park St, Providence, RI, 02908

$749,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $282 per day and long-term for an average of $3,041 per month, based on similar listings in the area. Estimated short-term cap rate of -0.6%. Estimated long-term cap rate of -2.1%. Come fall in love with this spectacular, funky, modern house situated in an oasis of trees with elevated views of the capital city. Truly a one of a kind secluded location atop a high hill, yet close to every convenience and amenity you could wish for. First floor offers open concept kitchen, living room and dining area with and entrance foyer, pantry and a half bath with laundry. Second floor has three bedrooms with fantastic windows all around offering a woodsy, vacation home style feel, walk in closets and a full bath with a beautiful stone shower along with a relaxing bath tub. The third floor is a paradise of a large family room (or office, or guest room etc..) with a vaulted ceiling, and a breathtaking wrap around deck that takes you away from the rest of the world! The quiet, comfy, cozy basement is a wonderful spot to relax and unwind or be creative, offering lots of extra space to this already spacious home. The private yard has an amazing log cabin style lean-to that is a unique space to enjoy the outdoors in all kinds of weather. There are lots of nice features like radiant heated floors, solar assisted hot water, galvanized standing seam roof, hardy plank clapboard, PVC trim and a killer woodstove that make this house low maintanence and efficient. Walk to the mall, the train, restaurants and so much more. A true gem that must be seen!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4369
Bedrooms
3
Bathrooms
2
SQFT
1,728
Furnished
unknown
Year built
2005
Listing Status
Off Market
MLS
1346877

Short-term Rental Potential
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$48,300

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$433

Price/SQFT

Long-term Rental Potential
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$36,492

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,041/mo

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