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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $266 per day and long-term for an average of $3,362 per month, based on similar listings in the area. Estimated short-term cap rate of 5.3%. Estimated long-term cap rate of 0.6%. This is your chance to own a stunning piece of property on the East Side of Providence, Rhode Island! Not only will you be purchasing a beautiful and historic colonial home, but you will also be buying the possible buildable lot right next to it – all for $500K! The main house has the potential to be converted into a 2 or 3-unit multifamily while the possible buildable lot is ready for new multifamily construction. Not only is this an amazing chance to own a home in the sought-after location of East Providence, but it is also an opportunity to have 2 multifamily properties in a high-demand area. Buyer to do all due diligence. Verbally told by Providence zoning confirming the home conversion and possible buildable lot. __________________________________________________________________________________________________________. This home is a Certified Pre-Owned Home™. Please see attachments for details. * 2,214 Per Month @ 5.27% APR. * 20% Down 30-Year to those who qualify. * Taxes insurance not included. * Rates As of February 2024. * Taxes reflect 45% homestead exemption.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $5629 |
Bedrooms | 4 |
Bathrooms | 2 |
SQFT | 2,056 |
Furnished | unknown |
Year built | 1868 |
Listing Status | Off Market |
MLS | 1351307 |
