Off-Market Condo at 200 Exchange St, Providence, RI 02903
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200 Exchange St, Providence, RI 02903

Unit - #1414

$629,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $151 per day and long-term for an average of $2,773 per month, based on similar listings in the area. Estimated short-term cap rate of -2.5%. Estimated long-term cap rate of -3.7%. A rare and exceptional opportunity awaits at Waterplace Residences with this exclusive one-bedroom, one-bathroom luxury condo with a private 500+ sq. ft. rooftop terrace. Perched on a top-floor corner, this meticulously maintained home offers breathtaking panoramic views of the entire city skyline. Step inside to an open and bright layout featuring gorgeous hardwood floors and floor-to-ceiling glass windows that flood the space with natural light. The chef's kitchen is designed for both functionality and style, featuring an oversized island with additional cabinet storage, granite countertops, and high-end stainless steel BOSCH appliances. The spacious primary bedroom includes a custom California Closet walk-in system, offering ample storage. The luxurious marble bathroom adds to the elegance of this thoughtfully designed home. Additional standout features include museum-quality recessed lighting, updated mechanical systems, central air conditioning, and a deeded garage parking space with a private storage unit. Residents enjoy top-tier amenities, including 24-hour concierge services, a state-of-the-art fitness center, an outdoor rooftop terrace, and a community room overlooking the city. The prime location offers unmatched walkability, placing you just steps from the train station, universities, hospitals, shopping, dining, and easy highway access.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$881
Rental Policy
daily
Yearly Taxes
$6032
Bedrooms
1
Bathrooms
1
SQFT
899
Furnished
N/A
Year built
2009
Listing Status
Off Market
MLS
1380733

Short-term Rental Potential
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$40,836

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$699

Price/SQFT

Long-term Rental Potential
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$33,276

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,773/mo

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