New World Realty
Koury Signoriello, New World RealtyPhone: (774) 991-2579
Email: [email protected]
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listing
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MultifamilyFor Sale
$1,100,000
664 Plainfield Street
Providence, RI 02909
Courtesy of Century 21 The Seyboth Team
MLS: RI State-Wide MLS
6Beds
4Baths
12,504Sq Ft
Est. Mortgage
$5,778/mo

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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Information courtesy of Century 21 The Seyboth Team is subject to verification and is not guaranteed.
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