82 Pond Street West Warwick, RI 02893
Other
MLS #: 1424054
Courtesy Of New England Apartment Group
Property InformationDescription
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
- 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: 1424054
- Parking Spaces: 9
- Rooms: Basement
MAP & DIRECTIONS
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
