Sandy Bliven - RE/MAX South County

5 POND ST , Westerly RI, 02891

Multi-Family

$299,900
Price

8,700.00
Approx Lot Square Foot
4
Number Of Units
Great live-in & investment opportunity. First and second floor have a spacious 3BR, 2 baths, (1400SF) and third floor, side by side, there are two units, with two 2 beds, 1 baths. Vinyl siding/windows, hard wired smokes, 2 huge family porches, coin laundry. Plus 3-car garage, annual income $39,000 + $150/$200 per month for garage rental. Needs TLC, but great rent rolls. Approximate CAP Rate 9.74% and cash on cash return 18.42%, and this assumes a 5% vacancy rate and a 5% maintenance fee.
Open House
No scheduled Open Houses
Highlights
city: Westerly
state: RI
zipcode: 02891
Approx Lot Square Foot: 8,700.00
Baths Full: 6
Baths Total: 6.00
Beds Total: 10
County Or Parish: Washington
Current Price: 299,900.00
Historic: None
Neighborhood: NORTH END
Number Of Buildings: 1
Numberof Rooms: 24
Number Of Units: 4
Property Type: 2-4 Units Multi Family
Registere Adult Community YN: No
Site Acres: 0.20
Status: Active
Subsidized Housing: No
Time Share YN: No
Total Baths MFM: 6.00
Unit Ttl Bedrms MFM: 10
Unit Ttl Full Baths MFM: 6
Unit Ttl Rent MFM: 3,325
Year Built: 1,920
Zoning: R
 
Interior
Apx Total Liv Area: 3,546
Basement: Bulkhead
Basement Access: Interior and Exterior
Basement Finish: Unfinished
Basement Rooms Type: Common, Storage Area
Basement Type: Full
Cooling: None
Electric: 100 Amps, Circuit Breaker, Individual Meter
Finished Floor: Vinyl, Wall to Wall Carpet
Heating Fuel: Gas
Heating System: Forced Water
Hot Water: Gas, Tenant Pays
Living Area Source: Tax Assessor
Num Basement Rooms: 1
Number Of Heat Systems: 4
Number Of Levels: 3
Plumbing: Mixed
Wall: Dry Wall, Plaster
Exterior
Foundation Type: Concrete
Garage Desc: Detached
Garage Spaces: 3
Lot Description: Fenced, Out Building, Private Compound, Paved Driveway, Sidewalks
Lot Frontage: 60
Sewer: Connected
Total Parking Spaces: 13
Undergrd Tank Size: Unknown
Undergrd Tank Type: Unknown
Water Supply: Connected
Taxes
Assessment: 248,600.00
Assessor Block: 0000
Assessor Lot: 79
Assessor Plat: 46
Fire District Tax: 99.00
Real Estate Taxes: 2,710.00
Real Estate Taxes Yr: 2,016
Expenses
Other Monthly Rents: 175
Owner Annual Expenses: 6,900.00
Owner Annual Income: 39,900
Additional
Exterior: Deck, Needs Work, Porch, Storm Door, Vinyl Siding
Interior: Stairs
Laundry: In Building, Common
Near: Bus, Commuter Bus, Golf, Hospital, Highway Access, Marina, Public School, Shopping, Swimming, Tennis
Water Amenities: Walk To Water
Units
Baths Bedrooms Rent SqFt Status Total Rooms
Units Extras
Unit 1
Description:  LR,DR,EIK,2BATH,3B 
Unit 2
Description:  LR,DR,EIK,2BATH,3B 
Unit 3
Description:  LR,EIK,2BR,BATH 
Unit 4
Description:  LR,EIK,2BR,BATH 
Map
Similar Properties
The listing office is RE/MAX South County. This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from StateWide Multiple Listing Service, Inc. last modified on 8/22/2017 3:48:00 PM.
 
Sandy Bliven
Sandy Bliven
RE/MAX South County