This Property is No Longer Available
106 108 Forand Lane, Tiverton, RI 02878
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$750,000
2 Unit
2 Beds
2 Baths
1680 SQFT
0.52 Acre

Property Description

This two cottage multi-family - located in a prime location on Stafford Pond - offers a unique opportunity for those seeking an investment property and/or personal retreat. Both cottages sit directly on private, unobstructed waterfront (with no flood insurance required). Unit 106 has been recently renovated, including new finishes throughout, and installation of a ductless HVAC mini-split in spring 2024. Unit 108 underwent a bathroom renovation this summer, and currently serves as a long-term rental (allowing for an immediate revenue source upon closing). The property offers a fixed dock, ramp, ample parking, and stunning sunset views. Just a short drive to Rt. 24, the quaint shops and cafes of Tiverton's Four Corners, and Fall River's major retailers. Don't miss this chance to obtain a two-unit waterfront property this season!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Amenities: Conservation Area, Highway Access, Shopping
  • Common Interior Features: Bathroom with Shower Stall, Ceiling Fans, Pantry, Slider, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Common, Electric Baseboard, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil, Oil, Radiant, Steam
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 14400
  • Net Operating Income: 14400

Utilities

  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Energy Features: Insulated Windows, Storm Doors
  • Utility Connections: for Electric Dryer, for Electric Range, Washer Hookup
  • Water: Shared Well
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1930
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73269978
  • Last Updated: 09/03/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/07/2024Active$695,000$414MLSPIN
09/07/2024Active$695,000$414MLSPIN
09/03/2024New$695,000$414MLSPIN
09/03/2024Canceled$750,000$446MLSPIN
09/03/2024Canceled$750,000$446MLSPIN
09/03/2024New$695,000$414MLSPIN
08/04/2024Active$750,000$446MLSPIN
07/31/2024New$750,000$446MLSPIN
07/30/2024Active$750,000$446MLSPIN
07/26/2024New$750,000$446MLSPIN

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Seller's Representative: Leslie Heller, Williams & Stuart Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-03 14:03:00

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