Don’t miss out! This turn key investment property boasts impressive potential returns and consistent rental income. With a projected 8.9% cap rate and 12.3% cash on cash return, you don't want to miss this opportunity! All the heavy lifting is done - new roof, vinyl siding & windows and renovated units! There is a vacant unit with a complete update, which could be great for an owner occupier. If you prefer to have the unit filled, our full time management team can start marketing the unit so the property is fully occupied at the time of purchase! With 0.35 acres, the lot is huge which is very uncommon for the surrounding area and the backyard lends itself to summer BBQs, a little R&R, and even lawn games! Tenants and their fur babies will love all this private space to roam. All units have high ceilings, are filled with sunlight, and are extremely spacious. Each unit has it's own unfinished, enclosed and insulated porch off the back for extra-added storage. Additionally, all units have its own washer/dryer hookups which tenants LOVE! You won’t find all of these perks at just any property! Tenants love the convenience of being close to downtown without being directly in the hustle and bustle of city living. The street feels private even though it is in close proximity to everything that Winooski and Burlington have to offer. It’s quiet enough to give tenants that small-town feel, while still being near all the diverse happenings that downtown is known for.
Date | Event | Price | $/Sqft | Source |
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Listing Removed For Sale | $698,000 | $182 | Preferred Properties | |
Listed For Sale | $698,000 | $182 | Preferred Properties |