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.
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0BEDS
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0.64ACRES
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0BATHS
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01/2 BATHS
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7,896SQFT
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$177$/SQFT
School Ratings & Info
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.
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