Off-Market Property at 19 Sargent Ave, Providence, RI, 02906
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19 Sargent Ave, Providence, RI, 02906

$1,200,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $576 per day and long-term for an average of $3,400 per month, based on similar listings in the area. Estimated short-term cap rate of 5.7%. Estimated long-term cap rate of -3.8%. Nestled between Hope Village and Brown University, this meticulously renovated 4-bed, 3-bath bungalow-style home defines sophisticated living on Providence's East Side. Impeccably transformed, it offers an expanded, comfortable living space with handcrafted details, including trim, crown moldings, and timeless white oak floors. State-of-the-art kitchen with top-tier appliances and an open floor plan seamlessly connecting living, dining, and kitchen areas. Energy-efficient gas heating, air conditioning, and new windows ensure comfort and sustainability. Fenced backyard for private outdoor gatherings, enhanced by expert masonry work and a garage with a private driveway. This inviting ambiance of soaring 12-foot ceilings on the main floor create an inviting retreat for both entertaining and relaxation. The front veranda sets the tone for elegance and relaxation. The luxurious second floor's 10-foot ceilings amplify the grandeur, with an ensuite sanctuary adorning mosaic tile and marble with double vanities, a double shower, and ample closet space. Versatile layout includes a fourth bedroom, second-floor laundry, a third bathroom, and five closets. Many upgrades including new windows, siding, and roof for aesthetic appeal, durability, and energy efficiency. Upgraded plumbing and electrical systems ensure a worry-free living experience. This residence seamlessly blends classic charm with contemporary luxury, epitomizing East Side living in the Blackstone district.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$9230
Bedrooms
4
Bathrooms
3
SQFT
2,250
Furnished
unknown
Year built
1930
Listing Status
Off Market
MLS
1350220

Short-term Rental Potential
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$154,704

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$533

Price/SQFT

Long-term Rental Potential
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$40,800

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,400/mo

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