46 Ames Street Coventry

$645,000
4 4 2,560 sq ft

The Property

WELCOME TO 46 AMES ST…

Well-maintained 1880s building offering four residential units, with third floor expansion potential and full basement with 2nd means of egress through basement bulkhead walkout, in the desirable Phenix section of Coventry. This established income-producing property features four long-term, well-paying tenants who take pride in the property and demonstrate respect for their homes. The building is serviced by city water and a newer septic system, with four separate gas baseboard heating systems, four gas hot water tanks, and five circuit-breaker electrical services. Adding to the property’s appeal is an approximately 40′ x 32′ walk-up third-floor space, currently offering five rooms and presenting exciting potential for future expansion, subject to applicable approvals and zoning requirements.

Possible future uses may include an accessory dwelling unit (ADU) or a potential fifth residential unit. A compelling opportunity for investors seeking a well-cared-for, established multifamily property with reliable rental income and additional upside potential. The interior photos have been virtually staged.

SEE VIRTUAL TOUR ON ANY PUBLIC WEBSITE FOR 55 PHOTOS INCLUDING WALK THROUGH VIDEO, THIRD FLOOR INTERACTIVE FLOOR PLAN SHOWING LAYOUT AND ROOM DIMENSIONS ALONG WITH PHOTO GALLERY

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Listing Details

MLS Number

1426263

Lot Size:

0.34 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Common
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Laundry
  • Year Built: 1880

Market Trends for Single Family Homes
in Coventry

  • Overview
    Homes for Sale Today108-94.9% decrease in inventory
    New on Market *6841.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$319.99$17 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$532,131$58,207 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.31%-2.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$343.85$3 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *654 decrease 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?

    Contact Us

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

Listed by RI Real Estate Services
Email: nicole@401sold.com
Phone: 401-885-5400

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