664 Plainfield Street , Providence, RI 02909
Providence, RI 02909
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.
Details
| MLS# | 1353145 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 231 |
| Listing Provided By | Century 21 The Seyboth Team | Kyle Seyboth |
Features
| SQ Feet | 12,504 |
|---|---|
| Units | 8 |
| Building(s) | 2 |
| Acreage | 0.12 |
Market Activity 02909
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02909 |
| Area | Providence |
| Listing VS Median (in 02909) | |
Price: $1,100,000 low | high Med: $449,450 SqFt: 12,504 low | high Med: 2,442 $ / SqFt: $88 low | high Med: $184 On Site: 231 low | high Med: 42.500000 | |