27 Pilgrim DrCoventry, RI 02816

This exceptional investment property in Coventry, RI, presents a rare opportunity to acquire two buildings situated on a 0.42-acre lot. The main structure is a five-unit multi-family building, comprising four one-bedroom units and one two-bedroom unit. All units feature gas heat and city water. Four of the one-bedroom units currently rent for $1,300 per month, inclusive of heat and hot water, while the two-bedroom unit commands $1,800 per month, also including heat and hot water. One one-bedroom unit has a long-term tenant at a below-market rate. The property boasts a full basement, newly installed windows (except for one in the oldest unit), and a recently updated roof. A central fire system is in place and undergoes annual inspections. The second building is a single-family home with one bedroom or two bedrooms, an attached one-car garage, a storage room, and a full basement. This home has been completely remodeled and is currently vacant, offering significant rental potential, estimated at $2,500+ per month without utilities. The property features three septic tanks (two 1000-gallon and one 1500-gallon) and ample parking for tenants. A newly paved driveway enhances curb appeal. The property is offered at $949,900. Rental income can be increased.