200 Exchange St, Providence, RI 02903

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $151 per day and long-term for an average of $2,194 per month, based on similar listings in the area. Estimated short-term cap rate of -3.1%. Estimated long-term cap rate of -5.2%. A unique opportunity awaits at highly desirable Waterplace in Downtown Providence. Perched on the 14th floor of the 200 building, Unit 1412 includes an incredible 400+ square foot private outdoor terrace and 2 coveted parking spaces in the secure underground parking garage. This one-bedroom condo features stunning floor to ceiling windows across the entire unit with picturesque views of College Hill and the East Side of Providence. The open living space is ideal for everyday life and entertaining alike, and a convenient half bath is an added bonus. Beautifully appointed and upgraded, the unit boasts a brand-new Smart Hub Refrigerator, large capacity washer and dryer, and automatic electric shades. The primary bedroom features new bamboo hardwood floors, a large walk-in closet and a full marble bathroom. Your private roof top terrace offers incredible views across all of downtown and the Narragansett Bay. Your oasis in the city, the space is perfect for gardening with an array of plantings and an automatic irrigation system for easy maintenance. Waterplace offers a luxurious lifestyle with 24-hour concierge service, a fitness center, a community room overlooking the Waterfire basin, and easy access to major highways and the train station. Your perfect pied-a-terre in the one of the hottest real estate markets in the country, come experience all that Providence has to offer.