Off-Market Condo: -2 at 100 Exchange St, Providence, RI, 02903
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100 Exchange St, Providence, RI, 02903

- #PH-2

$599,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,000 per month, based on comparable local listings. Estimated long-term cap rate of -4.7%. Sophisticated city living in Providence Luxury High Rise @ WATERPLACE Residences. Perched on the top floor of the building, this premium (1Bed/1Bath) Penthouse Unit features a bright open layout with hardwood flooring, spacious Living Room with fireplace and walls of floor to ceiling glass windows. Indoor / outdoor living is made seamless with the main living space connected to a (400+ sqft) private outdoor terrace that commands stunning panoramic views of the entire city skyline + river. The Kitchen includes BOSCH stainless steel appliances, floor to ceiling cabinetry and granite countertops. The floor plan includes a spacious Primary Bedroom with oversize walk-in closet, spa-like marble tiled Bathroom with walk-in glass shower and separate soaking tub. High efficiency Washer/Dryer in unit, Central A/C, (x2) deeded Garage Parking Spaces and private Storage Unit convey with the condo. Development includes (24hr) Concierge Services, (24hr) Fitness Center, outdoor Rooftop Terrace and Community Rm. (A+) location and walkability; will have you steps away from shopping + dining along the revitalized waterfront, Downtown PVD, and Train Station. East Bay Bike Path, local Universities, Hospitals and Highway access are only minutes away, (1hr) commute to Boston and (15mins) to TFG International Airport. In the middle of everything, above it all! Special and rare opportunity.

Property Information
Monthly Rent
$3,000
Monthly HOA
$1651
Rental Policy
STR Restrictions
Yearly Taxes
$5831
Bedrooms
1
Bathrooms
1
SQFT
1,055
Furnished
unknown
Year built
2009
Listing Status
Off Market
MLS
1353467

Long-term Rental Potential
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$36,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,000/mo

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