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Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $211 per day and long-term for an average of $2,850 per month, based on similar listings in the area. Estimated short-term cap rate of -0.4%. Estimated long-term cap rate of -3.5%. Welcome to 277 Waterman Street, perched between Wayland and Richmond Square on the East Side. This beautiful colonial home features 3 bedrooms, 2 bathrooms, a 5000 sqft private backyard, a large 2-car garage, a fenced-in backyard, and R3 ZONING, bringing endless possibilities to the future owner. Most recently, this property featured offices on the main level and an apartment on the second level. The next owner may decide to convert the property into two residential units by adding a kitchen/full bath on the main level, enlarge the property to make 3 units/condos, or convert it into a charming single-family home. A 6-year-old heating system, replacement windows, and a clean, dry basement make this a fantastic opportunity. With its investment potential, this property is an excellent choice for the discerning buyer. *Buyer to do due diligence regarding any of the above ideas.*
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $9270 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,676 |
Furnished | N/A |
Year built | 1920 |
Listing Status | Active |
MLS | 1379629 |
