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  • 5 POND ST, Westerly, RI 02891
  • $289,900
  • 10 BedroomBedrooms
  • 6 BathroomBathrooms
  • 0 Half BathroomHalf Bathrooms
  • 3,546 Sqft
  • Sold On

5 POND ST, Westerly, RI 02891

  • Open House
  • New Listing


  • 10 BedroomBedrooms
  • 6 BathroomBathrooms
  • 3,546 Sqft
  • Multi Family
  • Active
  • MLS# 1132226
  • Sold On
0 More Schedule
  • Price Reduced$10,000

Property Information 5 POND ST

  • MLS1132226
  • Zip Code02891
  • TypeMulti Family
  • Bedrooms10
  • Bathrooms6
  • Total Rooms24
  • Sq. Ft.3, 546.00
  • BasementBulkhead
  • Exterior FeaturesDeck, Needs Work, Porch, Storm Door, Vinyl Siding
  • Parking3
  • Garage Space3
  • HeatingForced Water
  • CoolingNone
  • SewerConnected
  • Year Built1920
  • Acreage0.1997
  • Estimated Taxes$2, 710
  • Assesment$248, 600
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. Selling "as is" needs some TLC and deferred maintenance, but with these rent rolls it is still a "cash cow."

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About Westerly, RI

The picturesque town of Westerly is situated in the southwest corner of Rhode Island.


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Listing courtesy of: Sandy Bliven, RE/MAX South County  © 2018 Rhode Island State-Wide Multiple Listing Inc. All Rights Reserved.. Information deemed reliable but not guaranteed