664 Plainfield Street Providence, RI 02909
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyProvidence
- Taxes$18,966
- HOA/Condo/Coop Fees$0
- Days on Site42 Days
- MLS StatusActive
- MLS ID Number1353690
- Home Size Source Owner
- Year Built1909
- Lot Size0.12 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Construction Vinyl Siding
- Parking No Garage
- Parking Spaces 0
- Electric Circuit Breakers
- Basement FullFinishedInterior Entry
- Number of Stories 0
- Acreage 0.12
- Property Sub Type Multi Family
- Garage Spaces 0
- Utilities Sewer Connected
Interior Features
- Cooling None
- Heating BaseboardGas
- Appliances Water Heater
- Flooring Ceramic TileLaminate
- Fireplaces 0
- Fireplace No
Community Features
- Senior Community No