$2,595,000
The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that… Read More the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is over 8%, with the ability to quickly increase the monthly rents within year one of ownership. Read Less
Courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate 802-253-7358
Listing Snapshot
Days Online
10
Last Updated
Square Ft.
8,736
Lot Size
0.3 Acres
Year Built
1920
MLS Number
5052748
Additional Details
Property Access
Road Frontage: Yes
Basement
Basement Access Type: Walk-up, Basement: Yes, Exterior Access
Cooling
None
Garage
Garage: No
Heating
Natural Gas, Baseboard, Electric, Gas Heater
Income
Gross Income: 262234
Lot
0.3 acres, 13,068 sqft
Parking
Driveway: Paved
Property
Seasonal: No, 8,736 finished sqft above grade, 8,736 total finished sqft, 10,752 total sqft, 672 unfinished sqft above grade, 1,344 unfinished sqft below grade, 16 one-bedroom units, 2 stories, 16 units, Built in 1920
Roof
Membrane, Standing Seam
Sewer
Public
Taxes
Gross Amount: $43,345
Utilities
Electric Company: BED, Total Electric Meters: 16, Circuit Breaker(s)
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Brandon Elsemore

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