Off-Market Condo: 05 at 100 Exchange St, Providence, RI, 02903
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100 Exchange St, Providence, RI, 02903

- #1005

$510,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,233 per month, based on comparable local listings. Estimated long-term cap rate of -3.6%. Sophisticated city living in Providence luxury high-rise @ WATERPLACE Residences. This (1Bed/1Bath) Condo has been meticulously maintained and features a bright open layout with beautiful hardwood floors throughout, a wall of floor to ceiling glass windows that offer stunning panoramic views of the city skyline and river, historic College Hill and East Side of Providence. The open floor plan allows for versatile space planning and furniture arrangement, a spacious Primary Bedroom with oversize walk-in closet with custom built-in closet storage organizer. Plush marble Bathroom with soaking tub and generous closet space throughout the unit. Kitchen features an oversize island with overhang for additional seating, floor to ceiling built in wall cabinetry, granite counters, and premium stainless Steel BOSCH appliance package. High efficiency Washer/Dryer in unit, Central A/C, deeded Garage Parking Space and private Storage Unit convey with the condo. Development includes (24hr) Concierge Services, (24hr) Fitness Center, outdoor Rooftop Terrace and Community Room that overlooks the entire city. (A+) location and walkability; will have you steps away from the train station, local Universities, hospitals, highway access, shopping + dining. Awesome value and opportunity.

Property Information
Monthly Rent
$2,233
Monthly HOA
$742
Rental Policy
STR Restrictions
Yearly Taxes
$3450
Bedrooms
1
Bathrooms
2
SQFT
879
Furnished
unknown
Year built
2009
Listing Status
Off Market
MLS
1349300

Long-term Rental Potential
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$26,796

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,233/mo

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