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664 Plainfield ST Plainfield Street, Providence, Residential Income

$ 1,150,000
664 Plainfield ST Plainfield Street,
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Overview

  • Updated On:
  • April 11, 2024
  • 6 Bedrooms
  • 4 Bathrooms

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: 664 Plainfield ST Plainfield Street
State/County:
Zip: 02909
Country: US
Open In Google Maps
Property Id : 778658
Price: $ 1,150,000
Property Lot Size: 0 ft2
Rooms: 10
Bedrooms: 6
Bathrooms: 4
Basement: Full,Interior Only,Finished
Bathrooms Half: 0
Bathrooms Total Decimal: 4
Bridge Modification Timestamp: 2024-04-11T14:35:53.984Z
Building Area Total: 12504
Construction Materials: Vinyl Siding
Contract Status Change Date: 2024-02-28
Cooling: None
Covered Spaces: 0
Electric: Circuit Breakers
Fireplaces Total: 0
Flooring: Ceramic Tile,Laminate
Garage Spaces: 0
Heating: Natural Gas,Baseboard
List Agent Direct Phone: 508-726-3492
List Agent Email: kyle@seybothteam.com
List Agent Full Name: Kyle Seyboth
Listing Contract Date: 2024-02-28
Listing Id: 1353690
Living Area Source: Owner
Living Area Units: Square Feet
Lot Size Area: 5227
Lot Size Square Feet: 5227
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-04-11T14:33:38.380Z
Number Of Buildings: 2
Number of Units Total: 4
Original Entry Timestamp: 2024-02-28T21:38:49.333Z
Original List Price: 1400000
Parking Features: No Garage
Parking Total: 0
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-02-28T21:38:49.333Z
Street Name: Plainfield
Street Number: 664
Street Suffix: Street
Structure Type: Apartment
Tax Annual Amount: 18966
Tax Year: 2023
Water Source: Connected
Year Built: 1909
Other Features
Has Heating System
Property Attached
$ 4,458.78
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,458.78

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