List Price: $365,000 | $97 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 0 One Bedroom Units , 2 - Two Bedroom Units ,2 - Three Bedroom Units Under Contract Listed Monday Sep 9, 2024 | MLS# 5013394
With 0 One Bedroom Units , 2 - Two Bedroom Units ,2 - Three Bedroom Units Under Contract Listed Monday Sep 9, 2024 | MLS# 5013394
Located on the corner of Summer St and Merchant St
Merchant St entrances
Each unit with its own porch
Door to interior access to units 1 & 2
Back of building. Separate entrances to units 3 & 4
Door on corner leads to basement
Ample off street parking
Parking lot
Don't miss this opportunity! Clean, well cared for 4 unit apartment building close to downtown. Newer on demand propane hot water furnace, separate electric for each unit, washer/dryer hookups in each unit and each has a separate porch! Most units are all hardwood floors. Ample parking in lot. This property has been well cared for and provides solid rental history. Gross rents are $48,900, Annual expenses at $16,772 leaving a Net Operating Income of $32,128. Add this one to your portfolio and watch the money roll in!
Operating Expenses : Heat,Insurance,Sewer,Water
Annual Expenses
Taxes: $7,242
Taxes: $7,242
Income
Gross Income | $48,900
NetIncome | $32,128
Gross Income | $48,900
NetIncome | $32,128
Appliances : Water Heater–Gas–LP/Bttle | Water Heater – On Demand
UNIT 1
Beds: 3
Baths: 1
Rooms: 0
Level: 1
Info : Heat Included,Laundry Hookup,Porch
Tenant Pays : Electric
Rent : 1050.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 3
Baths: 1
Rooms: 0
Level: 2
Info : Heat Included,Laundry Hookup,Porch
Tenant Pays : Electric
Rent : 1050.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 2
Baths: 1
Level: 1
Info : Heat Included,Laundry Hookup
Tenant Pays : Electric
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 2
Baths: 1
Level: 2
Info : Heat Included,Laundry Hookup,Porch
Tenant Pays : Electric
Rent : 975.00 Monthly
Lease Term : Month to Month
Status : Leased
Construction: Wood Frame | Vinyl Exterior
Year Built: 1899
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5631
Above Grade Sq.Ft.: 3754
Basement: Concrete Floor | Dirt | Exterior Access
Foundation: Granite | Stone
Year Built: 1899
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5631
Above Grade Sq.Ft.: 3754
Basement: Concrete Floor | Dirt | Exterior Access
Foundation: Granite | Stone
Exterior Color: white
Roof: Shingle
Garage And Parking: Off Street | Parking Spaces 6+
Seasonal: No
Roof: Shingle
Garage And Parking: Off Street | Parking Spaces 6+
Seasonal: No
Heating: Propane | Baseboard | Hot Water
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable - Available
Electric Meters: 4
Water: Public
Sewer: Public
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable - Available
Electric Meters: 4
Water: Public
Sewer: Public
Land Information
City Lot | Corner
Lot size: 0.23 acres
Zoned: MU 1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 100
Driveway: Common/Shared | Paved
City Lot | Corner
Lot size: 0.23 acres
Zoned: MU 1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 100
Driveway: Common/Shared | Paved
Taxes $7,242
Assesed Value Not Reported
Schools
School District: Barre City School District
Elementary School: Barre City Elem & Middle Sch
Middle School: Barre City Elem & Middle Sch
High School: Spaulding High School
School District: Barre City School District
Elementary School: Barre City Elem & Middle Sch
Middle School: Barre City Elem & Middle Sch
High School: Spaulding High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM