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206 Reynolds Ave, Warwick, RI, 02889

$549,999

Home List Price

$6,531*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
Multi

Location

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206 Reynolds Ave, Warwick$549,999

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1940
HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
BasementYes
MLS #1369206
Lot Size0.11 Acres
StatusActive

About 206 Reynolds Ave

Welcome to your next investment opportunity! This charming 3 unit multifamily property is located in a quiet and desirable neighborhood, just steps away from the water. With great cash flow potential, this property is a dream for any savvy investor. Unit 2 current rent is $1600, unit 3 rent is $800 plus unit 1's market rent is $1800(vacant currently) The main house features two spacious units: Unit 1 boasts 2 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms and 1.5 bathrooms. Both units are perfect for tenants seeking comfortable living spaces with plenty of natural light. But that's not all this property also includes a separate cottage on the lot, providing additional rental income potential. The cottage is a cozy studio with its own entrance, making it the ideal space for renters looking for privacy. Imagine owning an investment property where you can relax by the water and watch your profits roll in. With its prime location and multiple rental options, this home offers endless possibilities for lucrative returns. Don't miss out on this incredible opportunity to invest in both comfort and income potential. Schedule a showing today before it's too late!

Property Details

Property Features

Property Information:

  • Year Built: 1940

Listing Office:

  • Office Name: Longvin Realty Inc
  • Office Phone: (401) 567-6666

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,999

Tax Information:

  • Annual Amount: $5,610
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Warwick, RI.

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Warwick, RI

City

Med. Sold Price

$398.3K

Med. Price/SqFt

$270

Avg. Days On Market

24

# of Sold Homes

90

206 Reynolds Ave vs Warwick

55 DAYS ON ROCKET

+31 Days

$549,999

+$151.6K More

KEY TAKEAWAY

This property is $151.6K more than the Median Sold Price in Warwick, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1369206

Listing Office:

  • Office Name: Longvin Realty Inc
  • Office Phone: (401) 567-6666

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,610$299,500
2019$5,610$299,500
2018$4,844$232,900
2017$4,714$232,900

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-481849
7
/10

  • Park Elementary School

  • 40 Asylum Rd

  • 0.48 miles

  • Public District Grades KG-6

school-card-donut-481850
2
/10

  • Oakland Beach Elementary School

  • 383 Oakland Beach Ave

  • 0.64 miles

  • Public District Grades KG-6

school-card-donut-481851
5
/10

  • Lippitt Elementary School

  • 30 Almy St

  • 0.85 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,130. Typical income of Warwick, RI residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Warwick, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Warwick, RI?

Warwick's housing market is diverse, offering a range of options from classic colonial homes to contemporary condominiums. Single-family homes are prevalent, making up a significant portion of the housing stock, with a mix of older homes that reflect the city's historical roots and newer constructions that cater to modern preferences. The homeownership rate in Warwick is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

Is Warwick, RI a good place to live?

Warwick is celebrated for its coastal charm and rich history, with numerous parks and marinas that underscore its maritime heritage. The community prides itself on a family-friendly atmosphere, with annual events that foster a strong sense of togetherness. The city's character is further defined by its blend of quiet residential neighborhoods and bustling commercial areas, providing a balanced lifestyle for its inhabitants.

Are things conveniently located in Warwick, RI?

The city of Warwick provides a comprehensive array of services to its residents. The educational landscape includes a number of public and private schools, offering a variety of choices for families. Healthcare is well-represented with several clinics and a hospital that provides emergency services and specialized care. Retail and dining options are plentiful, with establishments ranging from local boutiques to national chains, reflecting the community's diverse tastes and economic vitality.

What does the transportation in Warwick, RI look like?

Warwick's transportation infrastructure supports both private and public transit options, with a network of roads that connect residents to the rest of the state and beyond. Public transportation services are available, offering routes that facilitate access to key areas within the city and to neighboring regions. The city is also mindful of walkability, with certain areas being more pedestrian-friendly, and has made efforts to improve bike paths to encourage alternative modes of transport.

Rocket Homes›Rhode Island›Kent County›Warwick›02889›206 Reynolds Ave

This home is located at 206 Reynolds Ave in Warwick, RI and zip code 02889. This home, which was built in 1940, sits on a 0.11 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $549,999.

While more than 48 listings in Warwick, RI in October 2024 were sold above asking price, there were more than 10 listings sold at asking price, and more than 32 were sold below. The number of homes for sale in Warwick, RI increased by 5.8% between September 2024 and October 2024. In October 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $398,380.

From Rocket Homes Real Estate and based on county public records data.

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