Investment Condo at 1000 Providence Pl, Providence, RI 02903 - $-3,504 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 $142 per day and long-term for an average of $3,113 per month, based on similar listings in the area. Estimated short-term cap rate of -1.7%. Estimated long-term cap rate of -0.8%. Welcome to upscale living in Downtown Providence. One level living on the first level with terrace overlooking garden park! Pet owners dream! Does it get better? Garden views from every room and outdoor space! This incredibly spacious 2 bed-2 bath condo offers open and airy living areas, generous bedrooms with walk in closets. Oversized windows, high ceilings, over 1208 sq ft of luxurious living! This first floor, one level home also offers a modern kitchen, stainless steel appliances, natural blonde maple hardwoods, granite counters, in-unit washer and dryer, central air French doors to private Terrace. Enjoy all the amenities the "903". has to offer including a 24 hour fitness center, assigned garage parking within the complex, bike storage, EV car charging stations, surround sound movie theater, 24 hour security and concierge, resort style swimming pool, package room, mail room, club room with fireplace and billiards. Enjoy living in Providence which is a convenient and walkable city with all the ambiance and conveniences! Something for everyone- Theater, Amazing Dining, "Waterfire" events along the river that meanders through downtown, art installations. Minutes to train station, Whole Foods, Shopping, schools, universities, short drive to airport, very commuter friendly. These units do not last! Truly resort, leisurely living.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$608
Rental Policy
daily
Yearly Taxes
$3868
Bedrooms
2
Bathrooms
2
SQFT
1,208
Furnished
N/A
Year built
2003
Listing Status
Active
MLS
1380080

Short-term Rental Potential
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$32,880

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$384

Price/SQFT

Long-term Rental Potential
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$37,356

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,113/mo

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