MLS Number 4735034
- Multifamily Multi-Family
- Units 3
- Bathroom 3
- Acreage 0.2
- Square Feet 2225
Start or add to your investment portfolio with this newly updated three-unit property with the option for a brand-new construction of a fourth unit. You'll love the potential of a cash on cash return of 25% with a CAP rate of 11%. With (1) one bedroom, (1) two bedroom, and (1) three bedroom unit (currently under rented at $850 - could easily by $1,100/month), this property has spacial options for everyone! It is the perfect owner-occupied property with the one bedroom unit offering a separate entrance on the opposite side of the building or a great investment opportunity to earn income from three separate units (with the choice to add a fourth). The property has separate fuel tanks and electric meters saving you the expense of covering this as the owner! With newly updated windows, a new hot air heating system, and Rinnai heaters in two of the units, tenants stay comfortable and warm during the long Vermont winters. Looking for a little more land? The sale of this property is for the building and .2 acres , it does not include the lot. At this price the property will be conveyed as a 3 unit property. For a purchase price of $200K an additional 1 BR APT will be completed in the attached garage. This offers the potential of a 35% cash on cash return. There is an additional .1 acre lot behind this property that can be added to the purchase. This additional lot has already been zoned for a 3-bedroom house or 3 (1) bedroom units for even more investment potential!
Listed by Ashley St. Gelais of Preferred Properties
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Est. Mortgage: $/month
Federal 30-year interest rate: 4.37% last updated on 2019-02-14
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