Off-Market Property at 128 Lauriston St, Providence, RI, 02906
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128 Lauriston St, Providence, RI, 02906

$799,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $243 per day and long-term for an average of $2,994 per month, based on similar listings in the area. Estimated short-term cap rate of -0.8%. Estimated long-term cap rate of -3.0%. Prepare for a visual treat. Captivating is the striking entrance with its semi-circular elliptical fanlight over its aqua paneled door. Flanking the front hall on one side is the sun-filled front to back living room with a brick fireplace and generous sitting areas. Not to be missed are the handsome inlaid hardwood floors. On the other side of the hall a dining room adjoins the pristine period kitchen. Tucked into the kitchen is a small dining area. A half bath, laundry area, and access to the rear yard complete the first floor. On the second floor two built-in bookcases flank the window seat affording a bird's eye view of the thoughtfully landscaped rear garden. Formerly used as a painting studio, the primary suite was restored and painted and features two built-in cedar closets and new lighting. Two additional bedrooms share this floor along with a classic bathroom with separate tub and shower, black and white tile floor, and gleaming white vitrolite glass walls. The basement has just undergone a major face lift including a new boiler, floor stripping, and repainting of floor, walls, and ceiling. This home's garden has flourished with the family's expertise. Enjoy mature native perennials that offer color from June through October. Heavily enriched soil and full sun make the front and rear beds ideal for flowers, vegetables, and herbs. This gem comes with a detached one-car garage. Steps from the vibrant Hope Village. An estate sale so no disclosure

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$9164
Bedrooms
3
Bathrooms
2
SQFT
1,682
Furnished
unknown
Year built
1930
Listing Status
Off Market
MLS
1357048

Short-term Rental Potential
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$53,544

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$475

Price/SQFT

Long-term Rental Potential
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$35,928

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,994/mo

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