CCertihomes
85 Toll gate, Warwick, RI 02886

$749,000

6 beds 3 baths Built 1920Active

About this home

Attention investors! Spectacular rental property consisting of 2 houses, nicely set on 2 picturesque acres. Located in the heart of the Kent County medical community, this property is a prime rental investment. The front house is a gorgeous 2200 square foot colonial built in 1920 boasting many original period details, such as center staircase, marble fireplace, 3 sets of French doors, and premium hardwood floors. Previously zoned as office space, and recently re zoned as residential, this house is a blank slate waiting for new owners to bring their dreams and add some finishing touches. The rear house is a 2 bedroom one bath cottage with a large front deck. There are many possibilities for this property. The entire property would be a phenomenal rental investment. The new owners could make the front house their dream home, and have a rental offset expenses. Don't wait! Schedule your tour today!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,245/mo

Real estate (PITI + HOA + PMI)
$5,102
Principal + interest$3,397
Property tax + insurance$1,424
PMI / 2nd mortgage$281
Utilities
$2,350
Heating + cooling$1,022
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$154
Car insurance + maintenance$154
Other (entertainment)
$140
$6,245/mo TLC
Budget$6,745/mo
Remaining after TLC$500/mo
Purchase price
$749,000
Down payment
$37,450 (5%)
Loan amount
$711,550
APR
4%

Quick facts

Type
Rental
Style
Year built
1920
Lot size
2.0064 ac
Stories
2
Heating
Oil, Baseboard, Forced Air
Cooling
Central Air
Water
Available, Connected, Municipal
HOA
Annual tax
$6,880
MLS #
1359789
County
Kent

At a glance

Air conditioning
Fireplace
Basement

Home features

Appliances
Oven/RangeRefrigerator
Interior
StairsWalls: Dry WallPlumbing: MixedInsulation: Unknown
Parking
No Garage
Fireplace
Brick
Flooring
Ceramic Tile, Hardwood, Laminate, Carpet
Sewer
Available, Connected

Lot features

Paved Driveway, Wooded

Neighborhood — 02886

MetricThis ZIPCountyUSA
Population33,0161,095,423299,088,112
Population Change Since19904.00%9.00%20.00%
Population Density2,100994
Male15,684529,266147,432,321
Female17,332566,157151,655,844
Never Married6,652266,40463,775,926
Married14,789435,678123,120,365
Separated87943,64212,639,686
Widowed2,80266,66815,467,586
Divorced3,00083,84323,075,029
Number Of House Hold13,116410,399111,826,380
Average House Hold Size2.472.562.60
Medial Age42.6237.2735.46
Median House Hold Income$50,545$47,553$48,276
Average House Hold Income$60,295$61,609$63,629
P C I$24,680$23,965$24,529
M D I$42,865$40,634$41,133
A T H E$49,380$49,940$50,898
S T R7.00%7.00%
W C J78.34%78.02%77.74%
(Zip) Code
2886

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/23/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

85 Toll gate · Warwick — $749,000 · Certihomes