110 Modena Ave, Providence, RI, 02908

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $241 per day and long-term for an average of $2,818 per month, based on similar listings in the area. Estimated short-term cap rate of 6.1%. Estimated long-term cap rate of 0.4%. Welcome to 110 Modena Avenue. This picturesque 1920's colonial is in the perfect location on one of Elmhurst's most sought after streets. The exterior of the home has been freshly painted and looks incredible! The covered front porch is super charming-- an ideal place to enjoy your morning coffee or relax with a glass of wine after a long day. Upon entering the home, you'll find a spacious living room with half bath, lots of windows and great natural light. The living room opens directly to a large dining area and beautifully updated kitchen. The kitchen has awesome finishes including modern cabinets, stainless appliances and granite countertops. The second level has three good sized bedrooms. The full bathroom is large and bright with tile tub/ shower, modern vanity and built-in linen closet. The backyard has privacy trees and a nice patio area. The driveway offers plenty of off street parking and there is a detached one car garage. A brand new high efficiency heating system with tankless on demand hot water was recently installed+ RISE did a full energy audit and added blown-in insulation throughout the home. A classic and well maintained home on a lovely Providence street!