Description
Investment opportunity! Three units with strong rental history. Recent renovation of the main foyer with fresh paint and new vinyl plank flooring. The two-story front section features original details including natural woodwork, large windows, and winding staircase. Concrete basement is set up for shared laundry (coin-op washer does not work, new dryer) and all utilities (oil tank, Weil McLain boiler, Super-Stor water tank, 100 amp circuit breakers). Rents currently include all utilities (heat, hot water, electric, trash, plowing, lawn care) though Unit C has a separate electrical meter and could renegotiate tenant to pay their own. Plenty of off-street parking and a small yard. Unit A is a fully accessible 1 Bed/1 Bath from the exterior ramp to the large doorways and bathroom with roll-in shower with grab bars and handheld shower. Unit B shares the foyer entry and is a second floor 2 Bed/1 Bath with keypad entry. Unit C is a first floor 1 Bed/1 Bath with its own separate entrance and porch. Great opportunity for a first-time landlord to get into a fully occupied building with $15k+ annual cash flow... or upgrade one or more units to increase rents or live there yourself.
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4BEDS
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0.13ACRES
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3BATHS
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01/2 BATHS
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2,094SQFT
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$79$/SQFT
School Information
Description
Investment opportunity! Three units with strong rental history. Recent renovation of the main foyer with fresh paint and new vinyl plank flooring. The two-story front section features original details including natural woodwork, large windows, and winding staircase. Concrete basement is set up for shared laundry (coin-op washer does not work, new dryer) and all utilities (oil tank, Weil McLain boiler, Super-Stor water tank, 100 amp circuit breakers). Rents currently include all utilities (heat, hot water, electric, trash, plowing, lawn care) though Unit C has a separate electrical meter and could renegotiate tenant to pay their own. Plenty of off-street parking and a small yard. Unit A is a fully accessible 1 Bed/1 Bath from the exterior ramp to the large doorways and bathroom with roll-in shower with grab bars and handheld shower. Unit B shares the foyer entry and is a second floor 2 Bed/1 Bath with keypad entry. Unit C is a first floor 1 Bed/1 Bath with its own separate entrance and porch. Great opportunity for a first-time landlord to get into a fully occupied building with $15k+ annual cash flow... or upgrade one or more units to increase rents or live there yourself.
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Courtesy of Jenifer Hoffman of Hoffman Real Estate: Jenifer@HoffmanVTRealEstate.com.