- $220,000
- MLS#: 5053938
- 3
- # of Units
- 2,655
- Total Sq. Feet
- 0.13
- Acres
- $2,275
- Taxes
1 of 13
General Property Information
- Price:
- $220,000
- County:
- VT-Windsor
- Acres:
- 0.13
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 3
- Agency/Brokerage:
- Michael Gilman
3GEN Real Estate Inc
Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28,000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44,000 A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.
Features
- Property Type:
- Multi-Family
- # of Units:3
- Subdivision Name:
- Year Built:
- 1940
- Parking:
- Road Frontage:
- 100
- Acres:0.13
- Gross Income:
- 45,300
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 2655
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 2655
- Land Description:Corner
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 844
- Floor:
- Unit Style:
- Monthly Rent:
- 1450.00
Unit 2
- #Rooms:
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 937
- Floor:
- Unit Style:
- Monthly Rent:
- 1150.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 434
- Floor:
- Unit Style:
- Monthly Rent:
- 1125.00
Other Information
- List Date:
- 2025-07-29
- Last Updated:
