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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.

Address Map
USA
RI
Providence
02909
664 Plainfield
Additional Info
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6 Bedrooms Other Residential

664 Plainfield, Providence, Rhode Island, 02909, United States

6 Bedrooms
4 Bathrooms
12,504 Sqft
$1,100,000
Listing ID #1469739
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1469739
Ref ID : L5JFHY
Price : $1,100,000
Bedrooms : 6
Bathrooms : 4
Square Footage : 12,504 Sqft
Lot Area : 5,227 Sqft
MLS : 1353690
Agent info
CENTURY 21
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