List Price: $319,900 | $99 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 2 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Nov 13, 2024 | MLS# 5022191
With 2 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Nov 13, 2024 | MLS# 5022191
To see this Listing
Address: 9 River Street Fair Haven VT
Listed by Hughes Group Team Casella Real Estate
Description:
Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you're expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market. Operating Expenses : Heat,Insurance,Other,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $4,855
Taxes: $4,855
Income
Gross Income | $53,400
NetIncome | $32,168
Gross Income | $53,400
NetIncome | $32,168
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 1000.00 Monthly
Lease Term : Month to Month
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 900.00 Monthly
Lease Term : Month to Month
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Style : efficiency
Rent : 650.00 Monthly
Lease Term : Month to Month
UNIT 4 INFORMATION
Beds: 2
Baths: 1
Tenant Pays : Electric
Rent : 1000.00 Monthly
Lease Term : Annual
UNIT 5 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric
Rent : 900.00 Monthly
Lease Term : Annual
Construction: Wood Frame
Year Built: 1885
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4830
Above Grade Sq.Ft.: 3220
Basement: Unfinished
Foundation: Stone
Year Built: 1885
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4830
Above Grade Sq.Ft.: 3220
Basement: Unfinished
Foundation: Stone
Roof: Membrane
Seasonal: No
Seasonal: No
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.37 acres
Zoned: unknown)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Driveway: Gravel
Level
Lot size: 0.37 acres
Zoned: unknown)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Driveway: Gravel
Additional Information
Taxes $4,855
Assesed Value Not Reported
Taxes $4,855
Assesed Value Not Reported
Schools
