Off-Market Property at 246 Greenwood St, Providence, RI, 02910
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246 Greenwood St, Providence, RI, 02910

$395,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $162 per day, based on similar listings in the area. Estimated short-term cap rate of 1.8%. Welcome to 246 Greenwood St, a charming multi-family home located in Cranston, RI. This historic property was built in 1894 and exudes character and charm throughout. The home features 1 bathroom and 1 half bathroom, making it a convenient and practical living space for residents. With a finished area of 1,500 sq.ft., there is plenty of room for comfortable living and entertaining. The home spans 2 stories, providing a spacious layout for residents to enjoy. The lot size is 0.25 sq.ft., offering a sizable outdoor space for gardening or relaxing. Don't miss this opportunity to own a piece of history in the heart of Cranston. This is a completely remodeled and updated 2 Family Home. New kitchens, new bathrooms, new flooring (Hardwood, Carpet and Tile). Extremely clean, safe and comfortable. It currently stands as a 2 Unit with 1 bedroom each, but can easily be converted back to a single family with 3 or 4 bedrooms. Showings are on any Saturday only with at least a 7 day notice.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4288
Bedrooms
2
Bathrooms
2
SQFT
2,500
Furnished
unknown
Year built
1894
Listing Status
Off Market
MLS
1355321

Short-term Rental Potential
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$36,564

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$158

Price/SQFT