Off-Market Property at 153 Morris Ave, Providence, RI, 02906
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153 Morris Ave, Providence, RI, 02906

$1,495,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $1.1K per day, based on similar listings in the area. Estimated short-term cap rate of 3.2%. This beautiful Colonial located in the Moses Brown school area is a must see. The spacious interior is apparent the moment you enter the front door in to the picturesque entry way with beautiful stained glass windows. From the large living room with ample light that opens in to the dining room, the half bath, to the beautifully renovated kitchen with stainless steel appliances, a large granite island, window seat and plenty of storage, you can appreciate this even more. Also on the first floor there is a large family room with an abundance of light and sliders that open on to a deck over looking the partially fenced in backyard and patio, with stairs for easy access to the yard below. The second floor offers a master bedroom with updated bath and ample closet space. There are three additional bedrooms and another updated full bathroom. The third floor has an ensuite with a bedroom, sitting area, full bath, built ins and closet perfect for guests or a family member. The full basement with half bath is being utilized as an office, additional family space and storage. In addition there are beautiful refinished and new hardwoods on the first and second floors, Air conditioning, a 2 car garage, security system and solar panels owned by the sellers.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$10107
Bedrooms
5
Bathrooms
5
SQFT
3,114
Furnished
unknown
Year built
1910
Listing Status
Off Market
MLS
1350656

Short-term Rental Potential
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$154,128

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$480

Price/SQFT