82 Pond St - Apartments FOR SALE


West Warwick, RI 02893 | 
$1,350,000 USD
508-330-0325
82 Pond St, West Warwick, RI for Sale
$1,350,000 USD
Apartments - FOR SALE
1/12
null | 9.99% Cap Rate

82 Pond St
West Warwick, RI 02893


HIGHLIGHTS

  • Three 3-bedroom, three 2-bedroom, two 1-bedroom, and one studio
  • Every unit fully renovated, brand-new individual heating units, fresh paint, new gutters, a rebuilt porch
  • Sale includes a large adjoining parcel of land — nine-plus parking spaces today, development potential tomorrow
  • 10% Cap Rate / In-place income of $14,285/month

OVERVIEW

A rare homerun in West Warwick: 82 Pond Street is a fully renovated, turnkey nine-unit building priced at $1,350,000 — 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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

9

PRICE/UNIT

$150,000

CAP RATE

9.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated 9-Unit (CALL 401-556-3665 TO TOUR)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

R6

APN/PARCEL ID

WWAR-000006-000656-000000

ASK ABOUT THIS PROPERTY

John SlymanNew England Apartment Group, LLCMore Info
508-330-0325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John SlymanNew England Apartment Group, LLCMore Info
508-330-0325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.