Bought with Smith Macdonald Group • Coldwell Banker Carlson Real Estate
$950,000
$1,050,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
5,402 SqFt
SOLD DATE : 12/26/2023
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,402 sqft
Price per Sqft $175
MLS Listing ID 4976256
Sold Date 12/26/23
Style Multi-Family
Construction Status Existing
Year Built 1900
Annual Tax Amount $9,664
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Welcome to 68 N Main Street, a delightful 8-unit Multi-Family home located in the heart of picturesque Waterbury Village, Vermont. The front of the building was built in 1900 and additional (back) units built in 1992. In the front of the property sit four units each 1-bedroom, 1 bath and the other four units in the back of the building are each 2-bedroom, 1-bath. Overside driveway offers plenty of parking. Property overlooks Winooski River. Situated in a prime location, this investment property is just steps away from the vibrant downtown Waterbury area. Your tenants will enjoy easy access to local shops, restaurants, and cultural attractions, making it a walker's paradise. This 8-unit property with a 6% - 8% CAP rate is a lucrative real estate investment offering steady rental income, the potential for property appreciation, and an efficient management structure. It is ideally located in a desirable neighborhood, making it an attractive opportunity for investors seeking stable returns and long-term growth in their real estate portfolio. Currently all 8 units are leased. Don't miss out on this unique opportunity to own in the heart of Waterbury Village.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Multi-Family
Rooms
Basement Entrance Interior
Basement Interior Access
Interior
Heating Gas - LP/Bottle
Cooling None
Exterior
Exterior Feature Vinyl
Utilities Available Cable - Available, Fiber Optic Internt Avail
Roof Type Metal,Shingle - Asphalt
Building
Lot Description River, Sidewalks, Water View
Story 2
Foundation Slab - Concrete, Stone
Sewer Public
Water Public
Construction Status Existing
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