Property Description

INVESTORS, TAKE NOTE! This Property Comprises a Two-Family Residence and a Former (740 Sq' Ft.) Commercial Building Situated in a Local Business District (B-L), On a Generous 0.52-Acre Lot, Offering Potential for Subdivision, Single Family Conversion or Additional Development in The Rear of The Property. Each Apartment Consists of Two Bedrooms and One Full Bath. The Former Commercial Space is Currently Used as Storage. Roof is Approx. 5 years Old. Conveniently located near Tiverton, Rhode Island, this area offers easy access to Route 24 and the Sakonnet River Bridge, making trips to Aquidneck Island a breeze. Invest in The Necessary Updates to This Property to Enhance Its Potential and Increase Your Future Income Opportunities! Property to Be Sold “As is, Where Is”. Buyers are Advised to Conduct Thorough Due Diligence for Any Future Planning.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Basement Features: Bulkhead, Full
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 10500
  • Net Operating Income: 10500

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Utility Connections: for Electric Dryer, for Gas Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73337328
  • Last Updated: 02/21/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/21/2025New$480,000$180MLSPIN
02/21/2025New$480,000$250MLSPIN

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Seller's Representative: Craig Howard, Streamline Realty Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-21 17:37:00

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