Off-Market Property at 40 Stimson Ave, Providence, RI, 02906
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40 Stimson Ave, Providence, RI, 02906

$2,095,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $1.2K per day, based on similar listings in the area. Estimated short-term cap rate of 0.0%. From its original millwork to its unrivaled location abutting the beautiful campus of Brown University, this circa-1891 home offers a rare slice of historic College Hill living. Its versatile floor plan includes 3 floors, 7 bedrooms, 4.5 baths, and over 4,500 sq. ft. of living space that awaits your definitive touches. A lovely rear patio surrounded by landscaping provides serenity, while inside multiple wood-burning fireplaces and crisp crown molding let you delight in period charm. From its large entry connecting to the joyful living and dining rooms to the butler’s pantry and sunroom, this home is built for both personal comfort and lively entertaining. With warm hardwood floors and large windows, you have the perfect canvas to design/upgrade into the finest intown abode. A third-floor balcony offers an amazing view of Brown University sporting events and the pleasing campus. Walk to shops and restaurants along Thayer Street and Wayland Square. The East Side enjoys multiple parks including Blackstone and India Point where you can savor the coastline. Downtown Providence, and its commuter train, is minutes away for theater and fine dining.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$14585
Bedrooms
7
Bathrooms
5
SQFT
4,619
Furnished
unknown
Year built
1891
Listing Status
Off Market
MLS
1348837

Short-term Rental Potential
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$148,788

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$453

Price/SQFT