1380 Plainfield Street

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Address: 1380 Plainfield St, Cranston, RI 02920, USA
Created date: January 17, 2025
Date last updated: March 13, 2025

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.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $1,250,000
No. of Units: 2
Year Built: 1912
Lot Size: 6,780.00 Sq ft
Opportunity Zone: No
Price per unit: $625,000
Property Website Click Here
Number of Bedrooms: 12
Number of Bathrooms: 8
Address: 1380 Plainfield Street, Cranston, RI 02920, USA
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