106 108 Forand Lane, Tiverton, RI 02878
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$695,000
2 Unit
2 Beds
2 Baths
1680 SQFT
0.52 Acre

Property Description

Enjoy stunning year-round views at this unique two cottage multi-family, located on more than half an acre of tree-lined property, directly on Stafford Pond. Unit 106 has been recently renovated with "coastal" finishes throughout, and installation of a new ductless HVAC mini-split in the sunroom. Unit 108 currently serves as a month-to-month rental - allowing for an immediate revenue source - and features an open floorplan and summer 2024 bathroom renovation. The property offers waterfront decks, a fixed dock, kayak launch, two large storage sheds, and ample parking. NO flood insurance required! Just a short drive to Rt. 24, the quaint shops and cafes of Tiverton's Four Corners, and Fall River's major retailers. Whether you're seeking an investment opportunity or personal retreat, this property is a must-see!

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: Slab
  • 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# 73284229
  • Last Updated: 09/07/24

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: n/a
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 2024-09-07 03:05:00

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