Active
664 Plainfield Street
Providence RI, 02909
$1,100,000
$87.97 per sqft
Active
12,504 sqft
Commercial
Built in 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.
1353145
MLSⓇ ID
February 22, 2024
Listed
May 6, 2024
Updated
Map
664 Plainfield Street
Providence RI, 02909
Interior Features
Total Stories
0
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Sewer
Connected
Other Property Details
Taxes
$18,966
Tax Frequency
Annually
Days on Market
73
Garage
No
Parking Total
0
View
No
County
Providence
Water Source
Connected, Public
Pool
No
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/24/2024 | Price Change | $1,100,000 -5% |
4/2/2024 | Price Change | $1,150,000 -18% |
Courtesy of Century 21 The Seyboth Team
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 6:07 AM UTC, 5/6/2024.