Off-Market Condo: 2S at 1 Wayland Ave, Providence, RI, 02906
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1 Wayland Ave, Providence, RI, 02906

- #112S

$560,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $3,055 per month, based on comparable local listings. Estimated long-term cap rate of -2.0%. Steps away from the boutiques and cafes of Wayland Square, The East Side Commons offers contemporary design and a walkable location in one of the city’s most desirable areas. Featuring a beautiful lobby, a well-equipped fitness center, and covered parking, this amazing unit gives you a flexible lifestyle, sun-splashed rooms, and pleasing amenities. Warm hardwood floors and high ceilings enhance the combined dining and living area with a bank of windows. The adjoining modern kitchen boasts stainless steel appliances, granite countertops, and a breakfast bar for informal dining. When it’s time to recharge, the primary suite lends a spacious yet cozy retreat with an ensuite bath featuring a jetted corner tub, a glass-enclosed shower, and a dual-sink vanity. A 2nd bedroom and another full bath nicely serve family or guests. With options for use as a private office. Convenient in-unit laundry is the final touch on this gracious home. Residents enjoy short walks to Eastside Marketplace and other shopping. Prestigious universities, museums, downtown, the interstate, and the train are a short drive away.

Property Information
Monthly Rent
$3,055
Monthly HOA
$608
Rental Policy
STR Restrictions
Yearly Taxes
$5014
Bedrooms
2
Bathrooms
2
SQFT
1,326
Furnished
unknown
Year built
2005
Listing Status
Off Market
MLS
1354909

Long-term Rental Potential
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$36,660

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,055/mo

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