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

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