 603-643-3942
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Price Change! reduced by $101,000 on November 4th 2024 $699,000 | $162 per sq.ft. | MLS# 5003027 A 3 Unit Multi Family Home, 16 Franklin Street Brandon VT With 1 - Two Bedroom Units | 2 - Three Bedroom Units |
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| Description: Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today! |
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Annual Expenses
Taxes: $3,403 |
Income
Gross Income | $ NetIncome | $ |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Wood Frame | Price Per SQ.FT. 161.81 | Year Built: 1880 |
LAND DESCRIPTION:
LOT DESCRIPTION: Sidewalks |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated November 21st, 2024 |
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PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed at the following websites and you are encouraged to read these documents. Big Green Real Estate chooses as a business model to represent both buyers and sellers; please do not assume, without any contractual agreement otherwise, that Big Green Real Estate at this time represents your interests as an agent. VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM https://www.sec.state.vt.us/media/711742/Mandatory-Consumer-Disclosure-for-a-Non-Designated-Agency-Brokerage-Firm-9-24-2015.pd NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf |