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664 Plainfield Street

Providence, RI 02909
  • $1,050,000
  • STATUS: Pending
  • ON SITE: 112 Days
  • MLS #: 1353690
Pending
UPDATED: 190 min ago
$1,050,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 12,504
    SQFT
  • $84
    $/SQFT
Type:
Multi-Family
Built:
1909
County:
Area:

School Ratings & Info

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.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-06-20T17:37:41.653.
www.lavonnelopes.com/homes/148108769
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664 Plainfield Street Providence, RI 02909

  • Price: $1,050,000
  • Status: Pending
  • On Site: 112 Days
  • Updated: 190 min ago
  • MLS #: 1353690
6
Beds
4
Baths
0
½ Baths
0.12
Acres
12,504
SQFT
$84
$/SQFT
1909
Built
County:
Providence
Area:
Providence
Property 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.
Exterior Features

Construction Materials Vinyl Siding Covered Spaces 0 Garage YN No Parking Features No Garage Parking Total 0

Interior Features

Appliances Water Heater Basement Full Finished Interior Entry Basement YN Yes Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Laminate Heating Baseboard Gas Heating YN Yes

Property Features

Electric Circuit Breakers Human Modified YN No Land Lease YN No New Construction YN No Operating Expense 32000 Property Sub Type Multi Family Senior Community YN No Sewer Connected Structure Type Apartment Tax Annual Amount 18966 Tax Assessed Value 516800 Tax Lot 33 Tax Year 2023 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Century 21 The Seyboth Team: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-06-20T17:37:41.653.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886