664 Plainfield ST Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02909
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,504 sqft
Price per Sqft $87
MLS Listing ID 1353145
Year Built 1909
Annual Tax Amount $18,966
Tax Year 2023
Lot Size 5,227 Sqft
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.
Location
State RI
County Providence
Exterior
Utilities Available Sewer Connected,Water Connected
Building
Sewer Connected
Water Connected,Public
Structure Type Frame
New Construction No