Off-Market Property at 174 Wentworth Ave, Providence, RI, 02905
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174 Wentworth Ave, Providence, RI, 02905

$995,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $684 per day and long-term for an average of $6,000 per month, based on similar listings in the area. Estimated short-term cap rate of 7.4%. Estimated long-term cap rate of -0.2%. **Offers are due at 5pm Fri 11**/17 Fall in love with this stunning Victorian home in the desirable Edgewood neighborhood of Cranston. This home is an architectural marvel - from the soaring ceilings with original hand-painted murals, the wood-paneled grand staircase, four fireplaces flanked with gorgeous tiles, to the glowing copper sink in the Butler's pantry with wavy glass cabinets. Every room in this historic home has "wow factor!" Now ready for comfortable modern living, the house has a new central air system, a fully renovated kitchen, and two new full bathrooms, all done harmoniously with the original details. This home has nearly all new plumbing and electrical work, and the slate roofing system has been well-maintained and has a new copper valley system. With 5-6 spacious bedrooms, generous closets, and four full bathrooms, this historic home can comfortably entertain your family and friends. The third floor is an ideal spot for an inlaw or au pair suite, and the basement also holds several finished rooms and a full bath. Zoning could allow for more than single-family use. Located in a beautiful and community-focused neighborhood, you are a quick walk away from the lush beauty of Roger Williams Park and the delicious restaurants and water views of Pawtuxet Village. Known for its large yards and wide streets, Edgewood is popular with families and working professionals, and downtown Providence and the Amtrak station are less than 15 min away.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$10232
Bedrooms
5
Bathrooms
4
SQFT
4,633
Furnished
unknown
Year built
1896
Listing Status
Off Market
MLS
1347478

Short-term Rental Potential
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$147,432

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$214

Price/SQFT

Long-term Rental Potential
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$72,000

Revenue
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Profit
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Cap rate
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Cash on Cash
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$6,000/mo

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