1. Rhode Island
  2. Cranston
  3. 1380 Plainfield Street
$1,250,000

1380 Plainfield Street, Cranston, RI 02920

  • 12 beds |
  • 8 baths |
  • 6,780 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $184/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Attention Investors Exceptional Investment Opportunity - MIXED USE PROPERTY, Two Separate Buildings One RESIDENTIAL & One COMMERCIAL - located on one lot. The Residential Property has a TOTAL of (12) BEDROOMS and (6) BATHROOMS. Each Tenant Pays Their Own Utilities. There are Six Gas Meters, Six Electric Meters, Six Heating Systems and Six Water Heaters. There is On-site Parking, a Full Sized Basement, Three Outdoor Decks, and Both Roofs Were Replaced Less Than Five Years ago. The Commercial Building has a TOTAL of (2) Commercial Units Currently Rented to a Mattress Store and a Tattoo Parlor with Separate Utilities, Two Heating Systems and Two Electric Meters and a Full Basement. All Rents are Currently Under Market Rates and have Potential for Increased Income. One Easily Rentable Residential Unit is Currently Vacant but Will Make for Quick Showings and Notice Will Be Needed for All Other Units. Conveniently Located on the Corner of 1380 Plainfield Street & 6 Clemence Street, a High Demand Rental Area and Just Steps Away To the Bus Stop, Shopping and Schools. Situated on the Cranston West/Johnston Line. This Beautiful Property is an Excellent Option for a 1031 Exchange, or Owner Financing is Available if Qualified, Looking For Serious Buyers Ready to Close. Refer to MLS #1375869 for More Info on All 8 Units and Documents.

Listing Status:
Pending
Date Added:
January 16, 2025 at 06:00AM
Listing Office:
BHHS Pinnacle Realty : 401-331-3948
MLS ID:
1376331

This listing courtesy of BHHS Pinnacle Realty

Location

Schools Nearby

S

Stone Hill Elementary School

21 Village Ave, Cranston, RI, 02920

Grades PK-5

0.63 miles away

W

Western Hills Middle School

400 Phenix Ave, Cranston, RI, 02920

Grades 6-8

1.47 miles away

C

Cranston High School West

80 Metropolitan Ave, Cranston, RI, 02920

Grades 9-12

1.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.