Price Reduction
Address
664 Plainfield Street, Providence, RI
Price
$ 1,100,000
Property Attributes
- MLS#1353145
- TypeCommercial
- CountyPROVIDENCE
- CityProvidence
- Zip02909
- StyleCommercial
- Year Built1909
- Taxes$ 18966
- Price$ 1,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12504
- Lot Size5,227 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
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.
| Price History | |
|---|---|
| 2/22/2024 | Listed $1,400,000 |
| 4/2/2024 | 18% - $1,150,000 |
| 4/24/2024 | 5% - $1,100,000 |
General Features
| Sewer | Connected |
|---|---|
| Utilities | SewerConnected,WaterConnected |
| Construction Materials | Frame |
| Year Built | 1909 |
| Electric | CircuitBreakers |
| Property SubType | Commercial |
| Tax Year | 2023 |
| Business Type | Mixed,Retail |
| County | Providence |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Active |
| City | Providence |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 8 |
| Lot Size Square Feet | 5227.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Plainfield |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 18966.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/664-Plainfield-ST-Providence-RI-02909 |
| Days on Market | 66 |
| Standard Status | Active |
| Tax Assessed Value | 516800 |
| Tax Lot | 33 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Above Grade Finished Area | 12504.0 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Connected,Public |
|---|---|
| Total Parking | 0.0 |
| Lot Size Area | 5227.0 |
| Number of Buildings | 2 |
| Spa | No |
| Building Area Total | 12504.0 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02909
Price
Taxes
Visits
Year Built
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