82 Pond ST, West Warwick, RI 02893
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82 Pond ST, West Warwick, RI 02893
82 Pond ST, West Warwick, RI 02893
82 Pond ST, West Warwick, RI 02893
82 Pond ST, West Warwick, RI 02893
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$ 1,400,000
Est. payment /mo
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82 Pond ST West Warwick, RI 02893

17 Beds

9 Baths

7,896 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,896 sqft

Price per Sqft $177

MLS Listing ID 1419151

Bedrooms 17

Full Baths 9

HOA Y/N No

Abv Grd Liv Area 7,896

Year Built 1900

Annual Tax Amount $18,217

Tax Year 2025

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Kent

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Heating Baseboard, Gas

Cooling Window Unit(s)

Flooring Laminate, Vinyl

Inclusions No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.

Fireplace No

Appliance Gas Water Heater

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)

Utilities Available Sewer Connected

Total Parking Spaces 9

Garage No

Building

Foundation Stone

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Vinyl Siding,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 82PONDSTWWAR

Virtual Tour https://tour.RiLiving.com/82-Pond-Street-West-Warwick-RI-02893


Listed by New England Apartment Group
Jason Monterecy

Jason Monterecy

Agent

+1(401) 480-9926

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82 Pond ST