List Price: $435,000 | $148 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units Listed Wednesday Sep 11, 2024 | MLS# 5013866


Immaculate, renovated, 100% occupied, high cash-flow 5 unit multi-family, priced to sell at an "as is" 11% cap. The building has been professionally managed with no deferred maintenance and is in mint condition. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers. This allows a new owner to realize significant returns from cash-flow vs speculation. With a Net Operating Income of $50K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents, and the property is rarely vacant. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property
Annual Expenses

Taxes: $4,808
Income

UNIT 1

Beds: 1
Baths: 1
Rooms: 0

UNIT 3

Beds: 1
Baths: 1

UNIT 4

Beds: 2
Baths: 1

UNIT 5

Beds: 1
Baths: 1
Rooms: 0
Construction: Wood Frame
Year Built: 1884
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4438
Above Grade Sq.Ft.: 2936
Basement: Unfinished
Foundation: Stone
Roof: Shingle - Asphalt
Seasonal: Unk
Heating: Baseboard
Cooling: None
HeatFuel: Oil
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.17 acres
Zoned: MR-1)
Surveyed: Unk
Flood Zone: No
Roads: Paved
Road Frontage: 70
Driveway: Gravel


Taxes $4,808
Assesed Value Not Reported
Schools

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