82 Pond St

West Warwick RI 02893

7896 sq. ft.

27878 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

A rare homerun in West Warwick: 82 Pond Street is a fully renovated, turnkey nine-unit building priced at $1,350,000 just $150k per unit throwing off strong, dependable cash flow from day one. The diverse mix three 3-bedroom, three 2-bedroom, two 1-bedroom, and one studio keeps it easy to lease and income rock-solid. All the heavy lifting is already done: every unit fully renovated, eight brand-new individual heating units, fresh paint, new gutters, a rebuilt porch, and a new fire alarm system, with lead certificates in place for all nine units and tenants paying their own utilities. And the sale includes a large adjoining parcel of land nine-plus parking spaces today, development potential tomorrow. In-place income of $14,285/month carries clean loss-to-lease upside as rents reset. Low basis, turnkey, and bonus land this is the kind of cash cow investors wait for. Financials available upon request.

Features

17 bedrooms

9 bathrooms

9 carspaces

7896 sq. ft. floor area

27878 sq. ft. lot size

Multi-Family

Property history for 82 Pond St

2022

Rented

Undisclosed

01 Dec 2022 by Circle 100 Real Estate

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