Active

664 Plainfield Street

Providence RI, 02909

$1,100,000


$87.97 per sqft

Active

6 Beds

4 Baths

12,504 sqft

Multi-family

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.

1353690

MLS ID

February 28, 2024

Listed

April 24, 2024

Updated

Map

664 Plainfield Street
Providence RI, 02909

Interior Features

Total Stories

0


Bedrooms

6 Beds


Bathrooms

4 Baths


Appliances

Water Heater


Floor Description

Ceramic Tile, Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Gas

Exterior/Building Features

Lot Size

0.12 Acres


Sewer

Connected

Other Property Details

Taxes

$18,966


Tax Frequency

Annually


Days on Market

56


Garage

No


Parking

No Garage


Parking Total

0


View

No


County

Providence


Water Source

Connected


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/24/2024

Price Change

$1,100,000

-5%

3/23/2024

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 Mott & Chace Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 9:52 PM UTC, 4/24/2024.

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