Starksboro, VT 05487,12 Parsonage RD
Starksboro, VT 05487,12 Parsonage RD
Starksboro, VT 05487,12 Parsonage RD
Starksboro, VT 05487,12 Parsonage RD
Starksboro, VT 05487,12 Parsonage RD
Starksboro, VT 05487,12 Parsonage RD
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Listed by Flex Realty Group • Flex Realty
Bought with Leah Eide • Pursuit Real Estate

$350,000

$258,000

35.7%
Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

1,970 SqFt


SOLD DATE : 09/17/2024

Key Details

Sold Price $350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,970 sqft

Price per Sqft $177

MLS Listing ID 5009063

Sold Date 09/17/24

Bedrooms 3

Full Baths 3

Construction Status Existing

Year Built 1850

Annual Tax Amount $4,416

Tax Year 2023

Lot Size 1.000 Acres

Acres 1.0

Property Description

Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends. Another standout feature of this apartment building is its large landscaped yard, providing tenants with a beautiful outdoor space to relax and enjoy. In addition to its excellent location and tenant demand, this property boasts solar panels, which provide economical electricity to tenants, reduce their utility costs, and generate a revenue stream for the owner, enhancing the property's overall profitability and appeal to environmentally-conscious renters. Speaking of revenue streams, there is also a couple coin op washer/dryers in the basement common area for tenants to use. This apartment building is not just a property; it's a gateway to a lucrative investment opportunity. The combination of its prime location, strong tenant demand, and additional revenue streams makes it a compelling choice for investors looking to diversify their portfolio. The generous 11% cap rate further underscores its investment potential, making it a standout option in today's real estate market.

Location

State VT

County Vt-addison

Area Vt-Addison

Zoning res

Rooms

Basement Entrance Walkout

Basement Full, Unfinished, Exterior Access

Interior

Heating Gas - LP/Bottle

Cooling None

Flooring Carpet, Laminate, Vinyl

Exterior

Garage Description Parking Spaces 6+

Utilities Available Cable - Available

Roof Type Metal,Shingle - Asphalt

Building

Story 2

Foundation Concrete, Stone

Sewer Private, Septic

Construction Status Existing

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