116 Chestnut St, Providence, RI 02903

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $145 per day and long-term for an average of $2,464 per month, based on similar listings in the area. Estimated short-term cap rate of -2.4%. Estimated long-term cap rate of -3.6%. Stylish loft in the heart of the Jewelry District! Set within the highly coveted 116 Chestnut Street Lofts, this refined unit provides the perfect balance of industrial chic and urban sophistication. Enter through the gallery-like entrance hall and be immediately taken by the 12' ceilings, oversized windows and expansive views. The original hardwood floors, exposed brick walls, and beamed ceilings exude warmth and character, creating a timeless space that is anchored by a show-stopping panorama spanning from the historic East Side to the cityscape of Downtown. Adjacent to the airy living space is the chef's kitchen with honey toned cabinetry, a stone breakfast bar, and crisp white appliances. A private sleeping alcove with a Paris-like Juliet balcony offers a cozy respite from the hustle and bustle of city living. A generous full bath includes a spacious vanity with rich stone countertops, tile tub/shower and convenient in-unit laundry. Ideally situated in the hip Jewelry District, this stunning unit is just steps to some of the best theaters, restaurants, and nightlife that Providence has to offer, while also only being a short stroll from both numerous parks and all the shops along Wickenden and South Main Streets. Off-street parking and prime highway access allow for effortless travel to Boston, New York, and beyond. Enjoy all the benefits the Creative Capital has to offer at your doorstep. May qualify for below market interest rates. You will not want to miss this one!