$1,375,000

House for sale West Warwick
Property photo number 1 of 16 Photos for Property. File  105241856_29_b105911b2ca1bb9354f35221c6b1f56b.jpeg

Overview

SUMMARY: Discover an opportunity with this West Warwick house for sale and available for $1,375,000. This could be your next ideal home or a smart investment. More details await.
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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Details

  • Beds: 17
  • Baths: 9
  • Price: $1,375,000
  • Reference No.: 95316643
  • Area: 7,896 sqft

Location

Marketed by:

  • John Slyman
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