664 Plainfield ST, Providence, RI 02909
$1,100,000 | Mixed Use, Residential, Retail | Commercial/Business | MLS # 1353145
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.
| Location | |
|---|---|
| City | Providence |
| Historic | Unknown |
| Interior | |
|---|---|
| Living Area | 0 Sq.Ft. |
| Electric | Circuit Breaker |
| Furnished | No |
| Exterior | |
|---|---|
| Sewer | Connected |
| Additional Information | |
|---|---|
| Assessment | $516,800 |
| Assessor Lot | 33 |
| Assessor Plat | 110 |
| Water Supply | Public Connected |
Listing Office: Century 21 The Seyboth Team
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2016 State-Wide Multiple Listing Service. All rights reserved.
Information is deemed reliable but is not guaranteed
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. ©2024 State-Wide Multiple Listing Service. All rights reserved.
