82 Pond Street, West Warwick, RI 02893
sale
$1,375,000
|
Other
Courtesy Of New England Apartment Group
A rare homerun in West Warwick: 82 Pond Street is a fully renovated, turnkey nine-unit building priced at $1,400,000 - just $155k 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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 2
- Cooling System: Window Unit(s)
- Exterior Type: Frame
- Floors: 3
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 1419312
- Parking Spaces: 9
- Rooms: Basement
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