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- LoopNet Team
82 Pond St
West Warwick, RI 02893
PRICE REDUCED! MOTIVATED SELLER!! · Multifamily Property For Sale · 8 Units
Investment Highlights
- CONSISTENT LEASING HISTORY AT FULL OCCUPANCY
- ADDITIONAL LOT FOR POTENTIAL DEVELOPMENT OF GARAGES OR STORAGE BUILDINGS
- NICE APARTMENTS
- MANAGEMENT OFFICE
PROPERTY FACTS
| No. Units | 8 | Building Size | 8,184 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1900/2016 |
| Building Class | C | Parking Ratio | 2.44/1,000 SF |
| Lot Size | 0.64 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 8,184 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2016 |
| Parking Ratio | 2.44/1,000 SF |
About 82 Pond St , West Warwick, RI 02893
Solid 8 unit multi family investment property. Many improvements to this property include NEWPRO windows, updated electrical, new roof, new paved parking lot, fully compliant municipally connected fire alarm system (cost $30,000) recently re-certified to meet current compliance requirements, and more. This fully occupied property consists of 2 three bedroom units, 3 two bedroom units and 3 one bedroom units. There is an additional unit currently being used as storage/office. Full basement. Tenants pay their own utilities. Large additional undeveloped area that could be used for garages or storage units. This flat cleared lot is already approved and has plans for the construction of 14 garage units with leasing income potential of $175 per month each. This results in $2,450 per month or $29,400 per year of additional, trouble free income.
PROPERTY TAXES
| Parcel Number | WWAR-000006-000656-000000 | Improvements Assessment | $483,200 |
| Land Assessment | $101,900 | Total Assessment | $585,100 |
PROPERTY TAXES
zoning
| Zoning Code | R6 |
| R6 |
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