List Price: $4,495,000 | $271 per sq.ft. Multi Family A 20 Unit Multi Family Home
With 6 One Bedroom Units , 8 - Two Bedroom Units ,6 - Three Bedroom Units Listed Tuesday Jun 25, 2024 | MLS# 5002132
With 6 One Bedroom Units , 8 - Two Bedroom Units ,6 - Three Bedroom Units Listed Tuesday Jun 25, 2024 | MLS# 5002132
Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investment--the projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.
Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $45,925
Taxes: $45,925
Income
Gross Income | $411,265
NetIncome | $331,648
Gross Income | $411,265
NetIncome | $331,648
Construction: Wood Frame | Brick Veneer Exterior | Vinyl Siding
Year Built: 2004
Style: Apartment Building | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 22691
Above Grade Sq.Ft.: 16578
Basement: Unfinished
Foundation: Concrete | Slab - Concrete
Year Built: 2004
Style: Apartment Building | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 22691
Above Grade Sq.Ft.: 16578
Basement: Unfinished
Foundation: Concrete | Slab - Concrete
Exterior Color: Yellow
Roof: Metal
Garage And Parking: Off Street
Seasonal: No
Roof: Metal
Garage And Parking: Off Street
Seasonal: No
Heating: Propane | Baseboard | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Underground Utilities
Electric Meters: 20
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Underground Utilities
Electric Meters: 20
Water: Public
Sewer: Public
Land Information
City Lot | Condo Development | Level | Major Road Frontage | Sidewalks | In Town | Near Shopping
Lot size: 0.86 acres
Zoned: Downtown Comm)
Surveyed: Yes
Flood Zone: Yes
Roads: Paved | Public
Driveway: Paved
City Lot | Condo Development | Level | Major Road Frontage | Sidewalks | In Town | Near Shopping
Lot size: 0.86 acres
Zoned: Downtown Comm)
Surveyed: Yes
Flood Zone: Yes
Roads: Paved | Public
Driveway: Paved
Taxes $45,925
Assesed Value Not Reported
Schools
School District: Washington
School District: Washington
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