Off-Market Property at 114 Federal St, Providence, RI 02903
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $210 per day and long-term for an average of $3,471 per month, based on similar listings in the area. Estimated short-term cap rate of 0.5%. Estimated long-term cap rate of 0.3%. OPEN HOUSE SUNDAY IS CANCELED - LOCATION, LOCATION, LOCATION! Don't Miss This Rare Offering in the Amazing Federal Hill Area! This Wonderful 3 Bed, 1.5 Bath Colonial with a Fenced-In Yard and 1 Car Garage, was Built in 1994 and is a One Owner Home! This Home Boasts: An Updated Kitchen with Center Island/Breakfast Bar, Lot's of Closet Space, New High Efficiency Condenser Boiler with Hot Water on Demand, Young Kitchen Appliances, Dry Basement with Heat, Plumbing, Young Washer & Dryer with Plenty of Storage and Shelving! Nice Fenced-in Yard, Storage Shed with Electric, Paver Stone Patio and an Awesome Screened in Florida Room with Power, Speakers and Ceiling Fan That Makes an Excellent Room to Relax and Enjoy! Easy Care Vinyl Siding, Young Vinyl Insulated Windows, Covered Front Porch and Off-Street Parking For 3 Cars Plus the Rare 1 Car Garage! Imagine, Just Walking Distance to Atwell Avenue Where You'll Find Anything from a Contemporary Designer Boutique to One of the Top Retailers of Italian Wine, to a Variety of Italian Deli/Butcher Stores and Some the Best Restaurants in RI! Enjoy Summer Outdoor Concerts, Culinary Tours, Cooking Classes and Gallery Nights are Just Some of Activities Available on Federal Hill! Top it off with Being Minutes to Major Highways and Just Over an Hour Commute to Boston and Only 15 Minutes to The Train Station, You Can't Go Wrong! WELCOME HOME!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5157
Bedrooms
3
Bathrooms
2
SQFT
1,272
Furnished
N/A
Year built
1994
Listing Status
Off Market
MLS
1378816

Short-term Rental Potential
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$43,260

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$432

Price/SQFT

Long-term Rental Potential
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$41,652

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,471/mo

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