Description
Rarely available investment opportunity with assumable low cost debt (~5% coupon) well priced below market at a 10% cap. The building consists of 6 turnkey renovated units with long term qualified tenants -and two 2 bedroom 1 bathroom units in a duplex building with garages and four 3 bedroom 1 bathroom units in the fourplex. Two separate buildings with many interior updates. Excellent numbers and a great Bristol location close to the village. Properties are professionally managed and underwent several hundred thousand dollars of recent renovations. This building can be combined with 40 Adirondack from the same seller.
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16BEDS
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0.96ACRES
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6BATHS
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01/2 BATHS
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1,964SQFT
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$382$/SQFT
School Information
Description
Rarely available investment opportunity with assumable low cost debt (~5% coupon) well priced below market at a 10% cap. The building consists of 6 turnkey renovated units with long term qualified tenants -and two 2 bedroom 1 bathroom units in a duplex building with garages and four 3 bedroom 1 bathroom units in the fourplex. Two separate buildings with many interior updates. Excellent numbers and a great Bristol location close to the village. Properties are professionally managed and underwent several hundred thousand dollars of recent renovations. This building can be combined with 40 Adirondack from the same seller.
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Courtesy of David Parsons of Re/Max North Professionals - Burlington: .