This prime investment property consists of a total of 13 rental units. 1 commercial unit leased to the State of VT, 8 two bedroom, 1 one bedroom and 3 studio apts. All units have been renovated, are in excellent condition, and are in compliance with VT state fire code. All units are modern with amenities such as fire places, washer dryer hook ups, dishwashers and beautiful views. Most tenants are long term professional working people who take pride in where they live. This is an extremely easy to manage property. Consisting of more than 10 acres, it easily lends itself to additional uses and expansion, prime rt 4 frontage for commercial use, and various sites to build more apts on. Property is serviced by two wells, each classified as small scale non community. The new well has an output of 110 gpm and will easily support more units. This property is a cash cow and has a 14% cap rate at the asking price.

Listed by: Jason Saphire/The Entry Only Listing Service

Property Details

• Year Built: 1965
• Annual Expenses: 25617
• Gross Income: 120859
• Number of 1 Bedroom Units: 4
• Insurance Expense: 5000
• Number of 2 Bedroom Units: 8
• Maintenance Expenses: 2400
• Misc. Expenses: 1000
• Living Area: 12232 SF
• Snow Removal Expense: 800
• Trash Expenses: 2640
• Utilities Expense: 1200

• BASEMENT: Assigned Storage, Daylight, Finished, Full
• CONSTRUCTION: Wood Frame
• DRIVEWAY: Crushed Stone, Gravel
• ELECTRIC: 100 Amp, Circuit Breaker
• EXTERIOR: Board and Batten, Clapboard, Vinyl, Wood, Other
• EXTERIOR AMENITIES: Out Building, Tennis Court, Underground Utilities
• FOUNDATION: Concrete
• GARAGE/PARKING: 21+ Spaces
• HEATING/COOLING: Baseboard, Hot Air, Space Heater
• HEAT FUEL: Electric, Gas-Lp/Bottle, Kerosene, Oil
• INTERIOR AMENITIES: Cable, Fire Detector, Sprinkler System, Other
• LOT DESCRIPTION: Wooded
• NEIGHBORHOOD: Intown, Near Public Trans, Near Shopping, Rural Setting, Underground Utilities
• RENT INCLUDES: Plowing, Sewer, Trash, Water
• ROADS: Paved, Public
• ROOF: Membrane, Metal, Shingle-Asphalt
• SEWER: 1000 Gallon, Concrete, Drywell, Leach Field, Septic
• SHOWING INSTRUCTIONS: Call Owner 1st
• STYLE: Duplex, Town House
• WATER: Drilled Well
• WATER HEATER: Electric, Off Boiler

Payment/Interior Details

• Rooms Unit: , , ,

Exterior Property Details

• Tax Years: 2005
• Lot Size (Acreage): 10.1 Acres
• Tax Paid in Tax Years: $9,300
• Public Records: 452

• Flood Zone: N
• Surveyed: U
• Elementary School: Barstow Memorial School
• Seasonal Property: N
• Status: Active
• High School: Choice

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