Forest Pond Condominiums

Multi-Family for Sale
Catylist Listing ID: 30335459
Property Subtypes: Low-Rise/Garden
Building Status: Under Construction
Number of Units: 32 Units
Building Size (RSF): 1,180 SF
Gross Building Area: 38,000 SF
Sale Price: $6,500,000
Unit Price: $203,125 Per Unit
Property Use Type: Investment
Building Name: Forest Pond Condominiums
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/14/2018

Overview / Comments

32 Residential Condominium Units out of a total project of 42 units, 8-10 years old, all two bed, two bath, excellent condition. Fully leased, great opportunity.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Zoning: A-7, RESIDENTIAL
Property Located Between: Off Strawberry Field Road, Warwick
Highway Access: 1.5 miles
Site Description: 32 Condominiums Units of of a total project of 42 units, 76% of complex. 8-10 year old, two story, wood frame, two bedroom, two bath units, some with full basements, plenty of parking, very good condition, park-like setting.
Total Number of Buildings: 6
Property Condition: Average
Number of Stories: 2
Year Built: 2007
Roof Type: Gable
Construction/Siding: Wood Shingle
Parking Type: Surface
Total Parking Spaces: 75
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Bright, sunny, 1,180 SF, two bed two bath, pergo floors, tile baths, balconies, fireplace.
Zoning Description: A-7
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,127 70,837 168,207
Median Age: 42.49 42.9 43.38
Households: 4,451 28,332 69,620

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