Listing Courtesy of: Kyle Seyboth - Century 21 The Seyboth Team
401-415-8527
$1,050,000
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664 Plainfield Street Providence, RI 02909
Multi-Family
Residence
6
Beds
4
Baths
12,504
Sq. Ft.
0.12
Acre
Lot
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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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MLS#
1353690
Property Type
Multi-Family
Bedrooms
6
Bathrooms
4 Full
Year Built
1909
Square Feet
12,504
sq. ft
Lot Size
0.12
Sewer
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