Price Reduced Listing
195 Town Farm Road,Coventry, RI 02816
Coventry, RI 02816
Description
Price adjusted! Rare investment opportunity on 2 sprawling acres! This well-maintained multi-family property features an incredible, oversized 3-car garage equipped with a professional lift-perfect for a mechanic, car enthusiast, or additional rental income (garage spaces have previously been rented for $150/month). The expansive grounds offer an abundance of parking spaces, easily accommodating tenants, guests, and oversized vehicles. There is a potential for an Accessory Dwelling Unit (ADU), if the property is owner-occupied and meets the guidelines of the Town of Coventry. Ideally suited for an owner-occupant or savvy investor, this property combines spacious outdoor living with unique functional utility. Each unit has wood floors, laundry areas, separate utilities and meters with oil heat (See list for all of the improvements made in the last 10+ years; home has a 6 bed ISDS). First floor unit has 1700'+ of living with tons of storage space, 3 bedrooms, full bath and an eat-in-kitchen with a spacious living room. Second floor unit has 1300'+ of living with 3 bedrooms, full bath and half bath with laundry, kitchen and formal dining room, ample-sized living room plus attic storage space if needed. (**Pictures of 2nd floor dining room show tenant owned chandelier that is no longer there and has been replaced). Great property waiting for its new owner!
Details
| MLS # | 1422064 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1790 |
| Days On Site | 38 |
| Listing Provided By | Doorley Real Estate Inc | Elizabeth VARS |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,033 |
| Garage | 3 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | R2A |
| Acreage | 2.00 |
Interior
| Rooms Total | 14 |
|---|---|
| Heating | Oil, Baseboard, Forced Water |
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Appliances | Dishwasher, Microwave, Oven, Range, Refrigerator, Electric Water Heater |
| Interior Features | Wall (Plaster), Wall (Wood), Attic, Attic Stairs, Stairs, Plumbing (Mixed), Insulation (Unknown) |
| Window Features | Insulated Windows, Skylight(s) |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Fireplace Features | None |
| Laundry Features | In Building, In Unit |
Exterior
| Exterior Features | Deck |
|---|---|
| Foundation Details | Mixed |
| Lot Features | Out Building, Paved Driveway |
| Patio And Porch Features | Deck |
| Construction Materials | Plaster, Wood Wall(s), Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Detached, Garage Door Opener |
Utilities
| Sewer | Septic Tank |
|---|---|
| Electric | 100 Amp Service, Circuit Breakers, Individual Meter |
Taxes
| Tax Annual Amount | 7224 |
|---|---|
| Tax Assessed Value | 604900 |
| Tax Lot | 36 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Kent |
| City | Coventry |
| Zip Code | 02816 |
| Area | Kent |
| Community Name | Western/Central |
| Listing VS Median (in Western/Central) | |
Price: $634,900 low | high Med: $634,900 sqft: 3,033 low | high Med: 3,033 $ / sqft: $209 low | high Med: $209 On site: 38 low | high Med: 38 | |
Market Activity 02816
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Learn More About This Property
| State | RI |
|---|---|
| County | Kent |
| City | Coventry |
| Zip Code | 02816 |
| Area | Kent |
| Community Name | Western/Central |
| Listing VS Median (in Western/Central) | |
Price: $634,900 low | high Med: $634,900 sqft: 3,033 low | high Med: 3,033 $ / sqft: $209 low | high Med: $209 On site: 38 low | high Med: 38 | |