Price Reduced 25.00%
Price History
$1,400,000
2/28/2024
$1,150,000
3/23/2024
$1,100,000
4/24/2024
$1,050,000
6/5/2024
664 Plainfield Street, Providence, RI, 02909
10 rooms
6 beds
4 Full baths
1909
Incredibly rare investment opportunity in Providence, a unique dual-building parcel. Nestled in the heart of Providence, this exceptional property presents a rare chance for discerning investors. Boasting two distinct buildings on a single lot, this offering combines immediate income potential with future growth prospects. The first building is completely occupied, housing 2 commercial units and 3 residential dwellings. Meanwhile, the second building is currently in the construction stage, about 70% completed and will also have 2 commercial units with 4 residential dwellings. With a total of eleven units spread across both buildings, the potential for substantial profitability is undeniable. The completed, corner building includes 3 three-bedroom units that are updated and properly maintained with 2 storefront units currently operating. Unfinished building pro forma rent is $9,000. NOI is $160,000. Seize this opportunity to diversity your portfolio and capitalize on Providence's real estate market.
Status:
Active
Type:
Multi-family
Units:
4
Garage:
No Garage
Heating:
Baseboard, Gas
Cooling:
None
Basement:
Full, Finished, Interior Entry
Acreage:
0.12
Est. Taxes:
$18,966
Assessment
$516,800
Construction
Vinyl Siding
Utilities
Sewer Connected
Days on Market:
105
Appliances:
Water Heater
MLS #:
1353690
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Century 21 The Seyboth Team Phone: 401-415-8527