For Sale
$1,100,000

664 Plainfield St Providence, RI 02909

Dual-building property, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity in Providence, Rhode Island, featuring a unique dual-building parcel on a 5,227 square foot lot. This property offers a blend of immediate income and future growth potential. One building is fully operational, housing two commercial units and three updated, three-bedroom residential units. The second building is approximately 70% complete and will add two more commercial units and four residential units upon completion. The existing building generates a net operating income (NOI) of $160,000. The projected rent for the unfinished building is $9,000 per month. In total, the property comprises 12,504 square feet and eleven units, presenting a significant opportunity for substantial profitability. This corner lot property is ideally situated in the heart of Providence, offering investors a chance to diversify their portfolio and capitalize on the city's thriving real estate market. The asking price for this rare investment opportunity is $1,100,000.

Highlights

  • $1,100,000 asking price.
  • Special purpose property with land, classified as commercial other.
  • 12,504 square feet total building area.
  • 5,227 square foot lot size.
  • Located at 664 Plainfield Street, Providence, RI 02909.

Property Details for 664 Plainfield St

Property type
Specialty properties, Land
Square Feet
12,504 SF

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.812207
Longitude
-71.4610019

FAQs

What type of property is this?
Specialty property - Dual-building property, high ROI potential.
Where is the specialty property located?
The property is located at 664 Plainfield St Providence, RI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price.; Special purpose property with land, classified as commercial other.; 12,504 square feet total building area.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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664 Plainfield St
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