Bought with Mike Kalil • Watson Realty & Associates
$650,000
$685,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
12,232 SqFt
SOLD DATE : 09/30/2021
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,232 sqft
Price per Sqft $53
MLS Listing ID 4860313
Sold Date 09/30/21
Style Multi-Family
Construction Status Existing
Year Built 1965
Annual Tax Amount $10,883
Tax Year 2021
Lot Size 10.100 Acres
Acres 10.1
Property Description
This prime investment property consists of a total of 13 rental units. 1 commercial unit leased to the Day Care center , 8 two bedroom, 1 one bedroom and 3 studio apts. All units are in good condition, and are in compliance with VT state fire code. All units are modern with amenities such as fireplaces, washer dryer hook ups, dishwashers and beautiful views. Most tenants are long term professional working people who take pride in where they live. This is an extremely easy to manage property. Consisting of more than 10 acres, it easily lends itself to additional uses and expansion, prime rt 4 frontage for commercial use, and various sites to build more apts on. Property is serviced by two wells, each classified as small scale non community. The new well has an output of 110 gpm and will easily support more units. This property is a cash cow. Cap rate more than 12% NOI is over $80K
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Mixed
Rooms
Basement Entrance Walk-up
Basement Concrete
Interior
Heating Electric, Gas - LP/Bottle, Kerosene, Oil
Cooling None
Exterior
Exterior Feature Wood
Utilities Available DSL, High Speed Intrnt -Avail, Phone
Roof Type Metal,Shingle - Asphalt
Building
Lot Description Country Setting, Landscaped, Mountain View, Rental Complex, Secluded, View, Wooded
Story 2.5
Foundation Concrete
Sewer Septic
Water Drilled Well
Construction Status Existing
Schools
Elementary Schools Barstow Memorial School
Middle Schools Barstow Memorial School
High Schools Choice
School District Mendon School District
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