Investment Condo at 555 S Water St, Providence, RI 02903 - $-8,364 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 $255 per day and long-term for an average of $3,421 per month, based on similar listings in the area. Estimated short-term cap rate of -1.2%. Estimated long-term cap rate of -1.4%. Welcome to Corliss Landing, a perfect oasis located in the heart of Fox Point in Providence, RI. This stylish 2-bedroom, 2-bathroom condo spans 1,170 square feet and offers a perfect blend of modern convenience and industrial charm. Step inside to discover an open-concept living area adorned with stunning exposed brick walls, creating a unique ambiance that is both inviting and sophisticated. The spacious layout is complemented by large windows that flood the space with natural light and high ceilings. A sleek and modern kitchen, featuring premium stainless steel appliances and quartz countertops, ideal for culinary creations. The primary suite offers a serene retreat with its own private bathroom and two oversized closets, while the additional bedroom is equally inviting and versatile. Enjoy the comfort of air conditioning and the convenience of an in-unit washer and dryer. The condo provides one deeded secure garage parking space and additional visitor parking in the gated lot, ensuring peace of mind for residents. With an elevator for easy access, this unit offers a lifestyle of luxury and convenience. Don't miss the opportunity to make this exceptional condo your new home. Schedule a showing today and experience the best of urban living at 555 South Water Street.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$746
Rental Policy
daily
Yearly Taxes
$3489
Bedrooms
2
Bathrooms
2
SQFT
1,170
Furnished
N/A
Year built
1835
Listing Status
Active
MLS
1380680

Short-term Rental Potential
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$42,384

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$494

Price/SQFT

Long-term Rental Potential
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$41,052

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,421/mo

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