1 W Exchange St, Providence, RI 02903

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $250 per day and long-term for an average of $3,640 per month, based on similar listings in the area. Estimated short-term cap rate of -2.1%. Estimated long-term cap rate of -2.9%. Welcome to The Residences: Sophisticated city living in the heart of Downtown Providence. This stunning 24th-floor unit offers breathtaking southern/western views of Providence's architectural beauty, gorgeous sunset through floor-to-ceiling windows and a charming Juliette balcony. Boasting a bright & spacious open floor plan, this 2-bed, 1.5-bath home is the epitome of modern urban living. The fully applianced eat-in kitchen features high-grade stainless steel Bosch appliances, sub-zero refrigerator, granite countertops, and custom cabinetry, while the marble bathrooms are adorned with elegant woodwork. Additional highlights include: Hardwood floors throughout the main living areas, w carpeting in the spacious bedrooms, a primary bedroom with walk-in closet. In-unit combo washer/dryer. Central A/C. 2 covered tandem parking spaces in the building's secured garage. private storage. The building offers an array of premium amenities, including 24/7 concierge services, secured entry, elevator access, and complimentary use of the Omni Hotel Fitness Center and Rotunda Pool. Residents also enjoy indoor access to the hotel, Providence Place Mall, restaurants, and a movie theater. Ideally located, The Residences are just steps away from the Providence Train Station, commuter transportation, & major highways, with easy access to Brown University, RISD, local hospitals, PPAC, and the vibrant downtown dining and entertainment scene. Experience the best of city living at The Residences!