List Price: $950,000 | $123 per sq.ft. Multi Family A 10 Unit Multi Family Home
With 8 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units Listed Friday Jun 21, 2024 | MLS# 5001797


Rare opportunity to own one of the larger buildings in the charming artisan town of Brandon, VT. This turnkey 10-unit property has an annualized NOI north of $80K, consists of a 8plex (8x1br) and Duplex (2x2br) on one tax lot. This building provides outstanding cash flow, with significant upside on rents based on existing and legacy leases per rent roll. Units and buildings have been meticulously cared for and renovated. A new owner can step in to enjoy the high cash flow and low maintenance expenses. The duplex in the back and the larger 8plex have had updates and renovations across all units. This low maintenance and energy efficient property features its own well and septic and individualized propane heaters per unit. All of these updates and features help keep annual costs lower than the average multifamily and saving the owner from the ever-increasing inflationary pressure across expense line items. The property is available as a package with other buildings across VT for a buyer looking for a larger portfolio. Listing broker is also Manager of the LLC that owns the property.
Annual Expenses

Taxes: $12,453
Income
Gross Income | $128,220
NetIncome | $81,943
Construction: Timber Frame | Vinyl Siding
Year Built: 1973
Style: Apartment Building | Contemporary | Duplex | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 12336
Above Grade Sq.Ft.: 7700
Basement: Concrete Floor | Crawl Space | Dirt Floor
Foundation: Concrete | Slab - Concrete
Roof: Flat | Membrane | Shingle - Asphalt
Seasonal: No
Heating: Forced Air
Cooling: None
HeatFuel: Other
Electric: Circuit Breaker(s)
Utilities: Cable | Other | Phone
Electric Meters:
Water: Dug Well
Sewer: Septic
Land Information
Country Setting | Hilly | Mountain View
Lot size: 4.06 acres
Zoned: RD)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Road Frontage: 100
Driveway: Gravel


Taxes $12,453
Assesed Value Not Reported
Schools

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