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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$425,000

MLS# 5034591
2880 sq.ft. Bedroom | 0 Bathroom
Multi Family
238 Marlboro Road Brattleboro VT 		 
$425,000 | $148 per sq.ft. | MLS# 5034591 A 6  Unit Multi Family Home, 238 Marlboro Road Brattleboro VT With 4 - One Bedroom Units | 2 - Two Bedroom Units

Description:
This 6-unit fully-leased and cashflowing property is in great condition. With gross rents of $66,000, expenses (including property taxes) of $14,538, and net income of $51,462, this investment property shows a 12.1% cap rate. With stable, long-term tenants on annual leases and fully-separated utilities in 5 of the 6 units, just about everything is taken care of. Built in 1970, the property is modern and easy to maintain. Two spacious 2-bedroom units feature charming hardwood floors, while two 1-bedrooms include beautiful large picture windows and recently-installed mini splits, and two top-floor studios offer a full range of apartment options. Located just minutes away from downtown Brattleboro and all that it has to offer, where rental demand is sky-high, the property hasn't had a vacancy in years. A spacious lot allows for off-street parking for all six tenants, and nearby attractions include hiking trails, the Brattleboro farmers market, and the ski hill. Recent upgrades to the property include new propane furnaces and hot water heaters, insulation and stucco, and new bath fans and vents. At a 12% cap rate with low rents and the potential to add easily installed coin-op laundry in the common area for additional income, this would be fantastic for any investor. Nice turn key building that doesn't need anything to start earning money. See it today. Appliances : Water Heater – Gas | Water Heater – Separate

Annual Expenses
Taxes: $7,591 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 1
Baths: 0
Rooms: 0
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 890.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Level: 1
Tenant Pays : Heat,Hot Water
Rent : 1040.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 2
Baths: 1
Level: 2
Rent : 990.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 2
Baths: 1
Level: 2
Rent : 1025.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Wood Siding | Price Per SQ.FT. 147.57 | Year Built: 1970
 LAND DESCRIPTION: LOT DESCRIPTION: Level
Avail.Sq.Ft.: 6
Livable Space: 2880
Above Grade Sq.Ft.: 1728
Below Grade Sq.Ft.: 1152
Foundation size 24x48.
Foundation: Concrete
Heating: Propane | Gas Heater | Individual | Mini Split
Cooling: Individual | Mini Split
Electric: Circuit Breaker(s)
Style: Apartment Building
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.37 acres
Zoned: SC / S
Surveyed: Unk
Flood Zone: No
Seasonal: No
Road Frontage: 79
Driveway: Gravel
ADDITIONAL INFORMATION
Taxes $7,591  | Assesed Value $0 in
SCHOOLS
School District: Brattleboro School District
  • 22935874
  • 22935875
  • 22935876
  • 22935877
  • 22935878
  • 22935879
  • 22935880
  • 22935881
  • 22935882
  • 22935883
  • 22935884
  • 22935885
  • 22935886
  • 22935887
  • 22935888
  • 22935889
  • 22935890
  • 22935891
15 Buck Rd. Hanover, NH 03755 603-643-3942

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