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Kazantzis Real estate, LLC
82 Pond Street, West Warwick, RI 02893
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 1424054
- Year Built
- 1900
- Acres
- 0.64
Property Description
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.
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Additional Information
- Taxes
- $18,217
- Lot Size
- 27,878
- Heating
- Baseboard, Gas
- Cooling System Type
- Window Unit(s)
- Sewer
- Connected, Public Sewer
- Water Source
- Connected, Public
- Basement
- Full
- Parking Spaces
- 9
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Listing courtesy of New England Apartment Group. Contact:
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