List Price: $4,495,000 | $271 per sq.ft. Multi Family
Price Change! Reduced by $100,000 down 2% on September 5th 2024
A 20 Unit Multi Family Home
With 6 One Bedroom Units , 8 - Two Bedroom Units ,6 - Three Bedroom Units
Date Listed Tuesday Jun 25, 2024 | MLS# 5002132
Price Change! Reduced by $100,000 down 2% on September 5th 2024
A 20 Unit Multi Family Home
With 6 One Bedroom Units , 8 - Two Bedroom Units ,6 - Three Bedroom Units
Date Listed Tuesday Jun 25, 2024 | MLS# 5002132
To see this Listing
Address: 73 South Main Street Waterbury VT
Listed by Smith Macdonald Group Coldwell Banker Carlson Real Estate
Description:
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.
Location : Historic District | In Town | Near Shopping | Village
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: Baseboard | Hot Water
Cooling: None
HeatFuel: Gas - LP/Bottle
Electric: Circuit Breaker(s)
Utilities: Cable | Underground Utilities
Electric Meters: 20
Water: Public
Sewer: Public
Cooling: None
HeatFuel: Gas - LP/Bottle
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
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
Lot size: 0.86 acres
Zoned: Downtown Comm)
Surveyed: Yes
Flood Zone: Yes
Roads: Paved | Public
Driveway: Paved
Additional Information
Taxes $45,925
Assesed Value Not Reported
Taxes $45,925
Assesed Value Not Reported
Schools
School District: Washington
School District: Washington
