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1060 Main Street, Coventry, RI, 02816 | $445,000
Very large and unique two family home. There is nothing else like it on the market. Excellent opportunity for a multi-generation family, owner occupier or investors looking for cash flow. This is a great location with easy highway access and in todays high demand rental market the numbers work, allowing you to leverage sustainable profit. Almost all of the windows have been replaced as has some of the siding. Separate entrances and utilities for each unit. Tenant pays heat and electric. The owners unit has a kitchen, half bath, and open space living room/dining room on the first floor. Second floor has 3 bedrooms, one is a large master bedroom with a half bath and walk-in closet. Full bath is on the second floor with built in storage closet. The owners unit does need some cosmetic updating. The rental unit is one level and was recently painted. It has 2 bedrooms, kitchen, a dining room/living room, full bath and a sunroom at the front entrance. A 5 bedroom ISDS was installed in 2000, sewer is available and the assessment is paid in full. Offstreet parking for 4 cars and there is a 2 car two story garage and a shed on a concrete pad both need significant renovation. If you are looking for a property with the potential to generate income or a homebuyer looking for rental income come and take a look. Home will convey vacant. Please DO NOT go on the property without listing agent present. Estate sale being sold as is as seen. NO FHA/VA loans. Conventional loan or cash. BUYERS TO DO DUE DILIGENCE.
Features
- Amenities: Golf,Highway Access,Near Schools,Public Transportation,Recreation Area,Restaurant
- Rooms: 12
- Bedrooms: 5
- Baths: 2 full / 2 half
- Units: 2
- Year Built: 1900
- Garage: 2-car Detached,Garage
- Heating: Gas,Steam
- Cooling: None
- Basement: Interior Entry,Partial,Partially Finished
- Acreage: 0.5
- Est. Taxes: $5,712
- Appliances: Electric Water Heater,Gas Water Heater,Oven,Range
- MLS#: 1377822
- Website: https://www.raveis.com
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1060 Main Street, Coventry, RI, 02816
$445,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $356,000 | $356,000 | $356,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
| Monthly Tax Payment | $476 | $476 | $476 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,250 | $2,366 | $2,980 |
| Total Monthly Payment | $2,801 | $2,917 | $3,531 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB