664 Plainfield St, Providence, RI

$1,150,000

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12,504

Square feet

Open House

Saturday, April 13th, 2024 (1:00 PM - 2:30 PM)

About 664 Plainfield St

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.

Pricing and availability subject to change.

Features of 664 Plainfield St

MLS® # 1353145
Price $1,150,000
Square Footage 12,504
Square Footage 5227
Acres 0.00
Year Built 1909
Type Commercial Sale
Sub-Type Commercial
Status Active

Community Information

Address 664 Plainfield St
City Providence
County Providence
State RI
Zip Code 02909

Amenities

Utilities Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Frame
Construction Frame

Additional Information

Date Listed February 22nd, 2024
Days on Market 49
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 The Seyboth Team

Listing Map

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