664 Plainfield

664 Plainfield, Providence, RI

$1,150,000

Price

12,504 sqft

Building Size

5,227 sqft

Lot Area

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Map
Overview
Building Size
12,504 sqft
Lot Area
5,227 sqft
Year Built
1909
MlsNumber
1353145
Description

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.

Highlights
  • Annual Tax: $ 18966.0
  • Water: Municipal Water
  • Exterior Description: Wood Frame
  • Sewer: City
  • Age: 1-5 Years Old
Documents
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Listing ID: fc2583d6-b545-43ce-99ab-18acd3c92f16
Location
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