195 Town Farm Road Coventry

$695,000
6 2.5 3,033 sq ft

The Property

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!

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Listing Details

MLS Number

1422064

Lot Size:

2.00 acres

Features

  • Basement: Partial, Bulkhead, Unfinished
  • Deck
  • Heating: Oil, Baseboard, Forced Water
  • Heating Fuel: Oil, Baseboard, Forced Water
  • Garage: 1
  • Laundry
  • Out Building
  • Paved Driveway
  • Year Built: 1790

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Market Trends for Single Family Homes
in Coventry

  • Overview
    Homes for Sale Today112-94.7% decrease in inventory
    New on Market *658.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$334.93$3 increase in List Price/Sq.Ft.
    Avg. Sale Price *$481,044$14,729 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *120.84%19.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$334.97$11 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *628 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Doorley Real Estate Inc
Email:
Phone: 401-398-7070

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