Off-Market Property at 196 Butler Ave, Providence, RI, 02906
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196 Butler Ave, Providence, RI, 02906

$1,200,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $1.1K per day, based on similar listings in the area. Estimated short-term cap rate of 3.4%. Short walk to Blackstone Boulevard and Wayland Square, across from Patterson Park, this beautiful shingled colonial includes a beautiful kitchen with white quartz countertops and stainless steel appliances that opens to the oversized dining room with wood paneled walls and gorgeous built-ins. The kitchen also leads out to the spacious, fenced in backyard, with updated patio. One car garage with three additional parking spots. The entry foyer leads to the dramatic and large living room with grand fireplace and French doors to the outside. Upstairs, the large master bedroom has a private bath which was fully remodeled with heated floors, new windows, and walkin closet. There are two other generous bedrooms with a full bath on the second level. The third floor has 2 more spacious bedrooms with a private bath featuring a clawfoot tub. New electrical panel. New gas heating system installed. House repainted within last three years. LG "Cool Cat" air conditioning split systems throughout the whole house as well as a finished basement playroom and half bath with spacious laundry room. This home has it all! Make this house your home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$14126
Bedrooms
5
Bathrooms
5
SQFT
2,636
Furnished
unknown
Year built
1930
Listing Status
Off Market
MLS
1356276

Short-term Rental Potential
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$132,108

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$455

Price/SQFT