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Courtesy of Lauren Gould of Green Light Real Estate.

39 Main Street

Plainfield, VT 05667
  • $400,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 4933913
UPDATED: 45 min ago
$400,000
  • 9
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,980
    SQFT
  • $101
    $/SQFT
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Get ready to start earning money on your investment from day of closing forward! This well-maintained, fully rented, 5 unit property brings in an amazing Net Operating Income of over $30K per year earning a cap rate of 7%! Expenses are low, with no lawn to mow and no lot to plow. All units pay for their own electricity and 2 pay for their own heat. Each unit has been updated and maintained regularly. Get the best of both worlds, with a mix of long term tenants and month to month leases. Great location in downtown Plainfield with close proximity to Montpelier. Property has strong rental history and with the location, condition and improvements of this building, keeping units filled will never be an issue. *Expenses listed includes insurance*

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© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ 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 2022-12-10T00:06:03.557.
www.livingvermont.com/homes/134022705
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39 Main Street Plainfield, VT 05667

  • Price: $400,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 45 min ago
  • MLS #: 4933913
9
Beds
5
Baths
0
½ Baths
0.08
Acres
3,980
SQFT
$101
$/SQFT
1890
Built
County:
Washington
Area:
Plainfield
Elementary School:
Twinfield Union School
Middle School:
Twinfield Union School
High School:
Twinfield Usd #33
School District:
Twinfield Usd 33
Property Description
Get ready to start earning money on your investment from day of closing forward! This well-maintained, fully rented, 5 unit property brings in an amazing Net Operating Income of over $30K per year earning a cap rate of 7%! Expenses are low, with no lawn to mow and no lot to plow. All units pay for their own electricity and 2 pay for their own heat. Each unit has been updated and maintained regularly. Get the best of both worlds, with a mix of long term tenants and month to month leases. Great location in downtown Plainfield with close proximity to Montpelier. Property has strong rental history and with the location, condition and improvements of this building, keeping units filled will never be an issue. *Expenses listed includes insurance*
Exterior Features

Color Beige Construction Wood Frame Driveway None Exterior Vinyl SidingWood Siding Has Garage No Lot Description City LotRiver FrontageSidewalks Road Frontage Yes Road Frontage Length 100 Roads PavedPublic Roof Shingle - ArchitecturalSlate Style Multi-Family

Interior Features

Basement Access Type Walkout Basement Description FinishedFull Cooling None Foundation Stone Has Basement Yes Heating Direct Vent Total Heated Units 5 Total Ranges 5 Total Refrigerators 5 Total Water Heaters 5 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Water Heater Electric

Property Features

Auction No Construction Status Existing Easements No Electric 100 Amp Electric Company Gmp Flood Zone Yes Foreclosed / Bank Owned / REO No Gross Income 51300 Heat Fuel Gas - Lp/Bottle Pre Construction No Seasonal No Separate Utilities Varies Sewer Public Tax Gross Amount 4222.35 Tax Year 2022 Taxes Tbd No Total Electric Meters 5 Total Gas Meters 3 Total Leases 5 Total1 Bed Units 3 Total2 Bed Units 1 Total3 Plus Bed Units 1 Trash Tenant Unit1 Rental Amount 575 Unit1 Tenant Pays ElectricHeat Unit2 Rental Amount 775 Unit2 Tenant Pays Electric Unit3 Rental Amount 800 Unit3 Tenant Pays Electric Unit4 Rental Amount 1200 Unit4 Tenant Pays ElectricHeat Unit5 Rental Amount 925 Unit5 Tenant Pays Electric Utilities Cable - AvailableGas - Lp/BottleHigh Speed Intrnt -AvailTelephone Available Water Public Zoning Residential

Courtesy of Lauren Gould of Green Light Real Estate: [IDXCONTACTINFORMATION].


© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ 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 2022-12-10T00:06:03.557.
 
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