Off-Market Condo: 3 at 182 Cypress St, Providence, RI, 02906
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182 Cypress St, Providence, RI, 02906

- #3

$359,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $212 per day and long-term for an average of $2,060 per month, based on similar listings in the area. Estimated short-term cap rate of 4.5%. Estimated long-term cap rate of -1.3%. Beautiful, Victorian-era condo building with a quiet, peaceful third-floor unit perched among the tree tops! Gorgeous original details like trim, doors, and hardwood floors are still intact. But don't miss all the recent updates! The unit has a new central air and forced-air heating system and new in-unit laundry machines in a separate laundry room. Stainless steel appliances. Large living room and bathroom with stand-alone tub and shower. There are numerous closets and basement storage, and an easy walk to Brown, RISD, and the Amtrak train station. Two parking spaces are included in the HOA fee. It is right up the street from Whole Foods, and great coffee and restaurants are only two blocks away. The shared outdoor space is cool and lush, and pets are allowed in the building. Well-managed HOA, building in good shape. Great neighborhood for walking the dog and getting to know your neighbors!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$200
Rental Policy
daily
Yearly Taxes
$4136
Bedrooms
2
Bathrooms
1
SQFT
950
Furnished
unknown
Year built
1887
Listing Status
Off Market
MLS
1359928

Short-term Rental Potential
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$45,780

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$377

Price/SQFT

Long-term Rental Potential
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$24,720

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,060/mo

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