Investment Condo at 18 Imperial Pl, Providence, RI 02903 - $-15,696 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $143 per day and long-term for an average of $2,350 per month, based on similar listings in the area. Estimated short-term cap rate of -1.3%. Estimated long-term cap rate of -3.2%. Looking for a chic loft located in the heart of Providence's desirable Jewelry District? This terrific end unit features over 1100 square feet of space with large open living areas, an eat-in kitchen with white cabinetry, center island, stone counters and backsplash and stainless appliances. The generous sleeping area can comfortably fit a queen- or king-sized bed and has a large walk-in closet with built in organizers. The oversized windows capture amazing sunsets and city scape views framed by exposed brick walls and beamed ceilings, harking back to its industrial past. Rich wood floors expand across the entire unit providing warmth and character. Add in unit laundry, an office for telecommuting with built in storage and off-street resident parking, for ease and convenience. Imperial Place is just steps to trendy restaurants, pubs, District Park and Trader Joes. Looking for that hip, modern space at the center of it all? Look no further than Unit 4A!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$571
Rental Policy
daily
Yearly Taxes
$5813
Bedrooms
1
Bathrooms
1
SQFT
1,131
Furnished
N/A
Year built
1883
Listing Status
Active
MLS
1379106

Short-term Rental Potential
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$37,728

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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$28,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,350/mo

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