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33 35 Hill Street, Coventry, RI, 02816 | $425,000
This two-family home is an ideal opportunity for investors and owner-occupants alike. Owners can live in the one bedroom unit and get a big boost of rental income from the larger second floor unit, or use the large second unit as their home and let the first cut down their mortgage. The second-floor unit boasts beautiful hardwood floors and a versatile lofted space, perfect for a potential third bedroom, home office, play area, studio, or additional storage. A private deck off the second-floor unit provides an outdoor retreat for relaxing or entertaining. Both units have nice open layouts that feel much bigger than their listed square footage. The property also includes a large fenced yard, a young septic system, and off-street parking for three vehicles, plus a garage. Conveniently located just 10 minutes from Route 295 and near the Coventry/Cranston line, this home combines a quiet setting with easy access to nearby amenities. Whether you're looking to generate rental income or settle into a move-in-ready space, this property delivers. For financing purposes, please note that the detached garage has chipping paint. In-unit laundry for 1st floor, hookups available in basement for second floor. Multi family homes with fenced in yards don't come around every day, so don't miss your shot!
Features
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full
- Units: 2
- Laundry: Common Area
- Year Built: 1860
- Garage: 1-car Detached,Garage
- Heating: Baseboard,Oil
- Cooling: None
- Basement: Full,Unfinished
- Acreage: 0.18
- Est. Taxes: $4,100
- Appliances: Oil Water Heater
- MLS#: 1376554
- Website: https://www.raveis.com
/prop/1376554/3335hillstreet_coventry_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
33 35 Hill Street, Coventry, RI, 02816
$425,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
| Monthly Tax Payment | $342 | $342 | $342 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,234 | $2,260 | $2,892 |
| Total Monthly Payment | $2,651 | $2,677 | $3,309 |
* 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