4 unit investment property in downtown Brattleboro. 3 two bedroom units and 1 three bedroom unit ideal for owner occupant that would like the income to pay for the residence. This is one of those "hands off" investment properties for the Land Lord/owner. All utilities are separated and paid for by the tenants. Each has their own HW and propane heat source and has separately metered electric meters. The newest tenant moved in 4 years ago and the other three have been there for 17 plus years and the rents have only had one rent increase over the years and are drastically under market. Even with the below market rents the building offers a CAP Rate of 11. At market rents the CAP Rate would be in the range of 15!! The building has had SEVCA energy efficiency upgrades including attic insulation and high density foam sprayed on the interior basement wall along with a vapor barrier. The structure appears solid but is a little rough around the edges in terms of light carpentry and paint needed. Exterior is vinyl siding and slate roofing. Listed $45,000 below the current town assessed value. A great opportunity for those looking to acquire their first investment property OR for seasoned investors looking to add to the portfolio. 48 hours required for showings.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $169,000 | $47 | Brattleboro, Vermont | |
Listed For Sale | $169,000 | $47 | Brattleboro, Vermont |
Elementary School Green Street School | 0.1 miles away | KG - 06 | |
Elementary School Canal St - Oak Grove Schools | 0.8 miles away | KG - 06 | |
High School Brattleboro Sr. Uhsd #6 | 0.9 miles away | 09 - 12 |