Off-Market Property at 103 Woodbine St, Providence, RI, 02906
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103 Woodbine St, Providence, RI, 02906

$895,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $548 per day, based on similar listings in the area. Estimated short-term cap rate of 7.7%. Looking for that perfect two flat just steps to Hope Village? Look no further than this fully renovated property on a quiet street nestled in the heart of this much favored neighborhood. You will be immediately impressed by the easy-care siding with a nod to the original building details. Each flat has over 1,500SF of living space and has been fully updated to include a new kitchen with wood cabinetry, stainless appliances and stone counters. The open floor plan allows for easy entertaining and casual living. Each unit has hardwood floors throughout, 3 generous bedrooms and an updated tile bath with a glass enclosed shower plus a private deck overlooking the back yard. Laundry is conveniently located in the building for the first floor and in the unit for the second-floor apartment. There are two high efficiency gas heating systems with hot water on demand. A two-car garage lends additional convenience to this delightful home. The perfect opportunity to live in one unit and let the rent cover your expenses. An ideal location in move in condition. Be home in time for spring!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5547
Bedrooms
6
Bathrooms
2
SQFT
3,107
Furnished
unknown
Year built
1953
Listing Status
Off Market
MLS
1353940

Short-term Rental Potential
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$131,532

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$288

Price/SQFT