664 Plainfield, Providence, RI
Others for Sale - $1,100,000 - 12,504 Sq. Ft. on 0.12 acres
Agent Info
Kyle Seyboth CENTURY 21 The Seyboth Team |
Property Info
CIMLS# | 1155592 |
Location 664 Plainfield Providence RI 02909 | |
Updated | April 29th, 2024 |
Type | Others |
Price | $1,100,000 |
Building | 12,504 Sq. Ft. |
Land | 0.12 acres |
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.