Off-Market Property at 2 Mccann Pl, Providence, RI, 02906
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2 Mccann Pl, Providence, RI, 02906

$549,000

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 -0.8%. Welcome to this stylish and vibrant young home nestled in the growing Mt. Hope neighborhood, bordering the East Side. Boasting an open floor plan with beautiful hardwood floors throughout, the heart of the home showcases granite countertops and stainless steel appliances in the kitchen. This home comprises three bedrooms and two and a half baths, with the large primary bedroom featuring a full private bath, offering both space and privacy. Enjoy the convenience of central air for year-round comfort. The heated basement with bulkhead and 200 amp electrical service, provides an excellent opportunity for future expansion possibilities. Outside, a fenced yard offers privacy and a perfect space for relaxation or entertaining. Close to all amenities, this home serves as more than just a residence; it's a gateway to a dynamic and growing community lifestyle. (Subject to seller finding suitable housing.)

Property Information
Monthly Rent
$3,000
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5195
Bedrooms
3
Bathrooms
3
SQFT
1,456
Furnished
unknown
Year built
2019
Listing Status
Off Market
MLS
1353617

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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