Brighton, VT | 2 Cross, 24 Main, 109/113/123/389 Railroad Street

$1,950,000
MLS#: 5034779
33
# of Units
35,784
Total Sq. Feet
1.51
Acres
$17,955
Taxes
1 of 50

General Property Information

Price:
$1,950,000
County:
VT-Essex
Acres:
1.51
Property Type:
Multi-Family
Property Status:
Active
# of Units:
33
Agency/Brokerage:
Luke Sykes
Jim Campbell Real Estate

Income producing properties consisting of 33 total units (29 residential & 4 commercial) in 6 separate buildings. Total current rental income = $296,525, potential rent = $394,325 (additional 2 vacant residential units being renovated at the moment and 4 owner-occupied commercial units/businesses). Total annual operating expenses = $117,497. Commercial units consist of two, retail storefronts and an arcade/ laundromat with 10 owned coin-op washers & 10 dryers. Owner will consider negotiating a sale to include any/all of the businesses, equipment, and inventory. All properties are in decent condition, have very low vacancy rates and many have long-standing tenants/leases. This would make a manageable investment as all properties are within close proximity/walking distance to all town amenities, with current rental manager willing to offer services to new owner. All buildings are serviced by public/water sewer and a combination of oil-boilers/propane wall units. Full financials, leases, property details, etc. available.

Features

Property Type:
Multi-Family
# of Units:33
Subdivision Name:
Year Built:
1850
Parking:
Road Frontage:
0
Acres:1.51
Gross Income:
296,525
Annual Expenses:
0
# of Gas Meters:
# of Electric Meters:
0
Sq Ft (Above Ground):
35784
Sq Ft (Below Ground):
0
Total Sq Ft:
35784
Land Description:City Lot,Rental Complex,Near Snowmobile Trails,Neighborhood,Near ATV Trail,Near School(s)
Elementary School:
Brighton Elementary
Middle School:
Brighton Elementary School
High School:
North Country Union High Sch
Financing Details:
Documents Available:
Deed,Lease Agreements,Other,Tax Map

Unit Information

Unit 1

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Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2025-04-03
Last Updated:

Stowe Office

Debby Burnor

(P) 802.253.9771
(F) 802.253.9993
email

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