11 Larch St, Providence, RI 02906

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $413 per day and long-term for an average of $4,138 per month, based on similar listings in the area. Estimated short-term cap rate of 8.2%. Estimated long-term cap rate of -1.5%. Don't miss this fantastic investment opportunity or owner-occupied property in the desirable East Side of Providence. This prime location places you just minutes away from Hope Street Village, Brown University, RISD, and Thayer Street. This well-maintained two-family property features updated mechanicals, a five-year-old roof, and heating systems that are one and five years old. The first-floor unit includes a kitchen, an oversized dining room, a living room, two bedrooms, and a full bathroom. This unit also has its own private entrance. The second unit boasts a spacious and bright living room, two ample-sized bedrooms with excellent closet space, a kitchen, and an updated full bathroom. The property extends to a sun-drenched third floor, offering an additional bedroom, a large closet, a generous full bathroom, a living area with high ceilings, and beautiful new skylights. The basement provides ample storage space, along with a washer and dryer for the property. Each unit comes with one on-site parking space. This property is also minutes away from an array of restaurants, Whole Foods, I-95, and the Amtrak/MBTA PVD station. This is truly a must-see!!