$1,350,000

About this home

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.

Property facts

Property type

Multi Family

Year built

1900

Lot size (acres)

0.64

Total rooms

54

Garage spaces

0

Total parking

9

Annual taxes

$18,217

Tax year

2025

County

Kent

Features

Heating

Natural Gas, Baseboard, Gas Connected

Cooling

Window Unit(s)

Basement

Full, Interior and Exterior, Unfinished

Appliances

Gas Water Heater

Parking

No Garage

Construction

Vinyl Siding, Wood

Utilities

Sewer Connected, Water Connected

Sewer

Public

Water

Public

Community

Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Location