160 Prospect St, Providence, RI 02906

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $179 per day and long-term for an average of $2,933 per month, based on similar listings in the area. Estimated short-term cap rate of 1.4%. Estimated long-term cap rate of -1.6%. Sunny, spacious, and open, this charming 2 bed 1 bath condo on the 1st floor of a beautiful 1930's building is sure to please. An inviting front porch welcomes you into this elegant home offering 9.5 foot high ceilings, tall windows, original period details, pocket doors, plaster medallions, and hardwood floors throughout. The open layout features two living rooms, each with a bay window. The 2nd living room has a fireplace flanked by custom built-in bookcases and the formal dining room has a lovely built-in china cabinet. The recently updated kitchen has room for a breakfast area plus new sliders out to a large private deck overlooking the fenced yard, perfect for entertaining and al fresco dining. Bonus area in the basement for this unit only includes two separate rooms which can be used for office, recreation, or workout space, plus a separate laundry room. Sparkling interior including replacement windows. Garage parking with automatic door opener. Fabulous location in College Hill, convenient to Brown, RISD, Thayer Street, and downtown Providence. (Taxes shown for 2024 with Homestead Deduction)