Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.
Prime Multi-Family Investment Opportunity in the Heart of Castleton! Investors, seize the opportunity to own this impressive multi-family property. These well maintained buildings offer a total of 12 units, providing a steady stream of rental income and excellent potential for growth. Each spacious unit features 2 bedrooms and 1 bath, offering tenants a comfortable and spacious living space. The units are equipped with many updates ensuring high tenant satisfaction and retention. The property boasts a strong rental history and is currently fully occupied, generating a reliable income stream for savvy investors. With separate meters for electricity, low maintenance costs and a solid rental market demand in the area, this property presents a lucrative investment opportunity with great cash flow potential with a CAP rate of greater than 8%. Don't miss out on this rare chance to add a profitable property to your investment portfolio. Take advantage of the growing rental market and secure your financial future with this exceptional investment opportunity.
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