- $2,395,000
- MLS#: 4980374
- 16
- # of Units
- 8,736
- Total Sq. Feet
- 0.30
- Acres
- $39,670
- Taxes
1 of 15
General Property Information
- Price:
- $2,395,000
- County:
- VT-Chittenden
- Acres:
- 0.30
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 16
- Agency/Brokerage:
- Smith Macdonald Group
Coldwell Banker Carlson Real Estate
The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is 7%, with the ability to quickly increase the monthly rents within year one of ownership.
Features
- Property Type:
- Multi-Family
- # of Units:16
- Subdivision Name:
- Year Built:
- 1920
- Parking:
- Road Frontage:
- 75
- Acres:0.30
- Gross Income:
- 240,000
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 16
- Sq Ft (Above Ground):
- 8736
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 8736
- Land Description:City Lot,Level,Sidewalks
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 2
- #Rooms:
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 4
- #Rooms:
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 5
- #Rooms:
- #Bedrooms:
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- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 6
- #Rooms:
- #Bedrooms:
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- Floor:
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- Monthly Rent:
- 0.00
Unit 7
- #Rooms:
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 8
- #Rooms:
- 0
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Other Information
- List Date:
- 2023-12-16
- Last Updated:
- 2024-02-23 16:54:11
