Off-Market Condo: 28 at 1000 Providence Pl, Providence, RI, 02903
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1000 Providence Pl, Providence, RI, 02903

- #128

$439,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,100 per month, based on comparable local listings. Estimated long-term cap rate of -0.8%. Welcome to the 903, one of Providence's only condominium projects with an in-ground pool, covered parking, and security. This condo sits within walking distance of the Amtrak train station, downtown shops and restaurants, and the Providence Place Mall. The condo sits on the ground level, with a peek-a-boo view of the pool and the beautifully landscaped grounds, and you can cross the courtyard or take a quick trip through the halls to get to the gym, movie theater, and business center. Both bedrooms are large and bright, with connected full baths and a walk-in closet in the primary suite. The open-plan living room and kitchen are flooded with sunlight from the interior courtyard, and your company can sit at the kitchen bar and chat while you prepare a meal! Professionally managed and well-maintained, this spotless condo allows you to leave your household chores behind and enjoy the Rhode Island beach life with no yard work this summer or simply step out your patio door and enjoy the pool from your lounge chair! The monthly HOA fee includes assigned Garage Parking Space, a (24-hour) Fitness Center, an Outdoor Pool/Spa, a Movie Theater, a Community Rm, and a Dog Park.

Property Information
Monthly Rent
$3,100
Monthly HOA
$550
Rental Policy
STR Restrictions
Yearly Taxes
$6084
Bedrooms
2
Bathrooms
2
SQFT
1,076
Furnished
unknown
Year built
2003
Listing Status
Off Market
MLS
1354477

Long-term Rental Potential
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$37,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,100/mo

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