Barre City, VT | 11 Foster Street

$46,800
MLS#: 5113973
2
# of Units
1,242
Total Sq Ft
0.29
Acres
$4,306
Taxes
Restore Properties
NOT IN A FLOOD ZONE Enjoy a fresh baked good during our next open house and dive into your next summer project Have a new income stream by Fall! Passive income and equity opportunity. This triplex offers two 2 bedroom/1 bathroom units and one 3 bedroom/1 bathroom. Porches need a bit of care but this property stands strong structurally and will continue to serve tenants for many decades to come. Each unit has it's own utilities. Unit 1 is an attached single family home property with it's own basement. Unit 2 occupies the downstairs, while Unit 3 the upstairs with it's own seperate entrance. Both occupying the right portion of the property. Large .22 acre double lot with a private backyard that offers seasonal florals during warmer months. This property could gross $4,788 monthly. That's a very healthy $57,456 annually and a very low cap rate!
Unleash the full potential of this unique real estate package featuring two separate buildings on a corner lot, each offering a spacious three-bedroom layout. Complete with ample off-street parking for both structures, this property provides the ideal setup for an investor expanding a portfolio, or an owner-occupant looking to live in one unit while generating income from the other. Enjoy exceptional convenience with close proximity to downtown amenities, shopping, local dining, the hospital, and fast, easy access to I-89 for smooth commuting across the region. Both buildings require rehabilitation, presenting a blank canvas for contractors, renovators, or savvy investors looking to build substantial equity. Property is being sold "As-Is." Bring your vision, contractor, and strategy to capitalize on this multi-structure opportunity!
Investors, take note! This duplex in the heart of Barre is ready for a comeback. Offering one two-bedroom unit and one three-bedroom unit, each with separate heat and electric, the property provides a solid foundation for your next investment project. Bring your skills and vision to restore this property to its full potential. With strong demand for quality rental housing, this could be an excellent opportunity to renovate, rent, and build equity. ~ NO interior access allowed ~
Opportunity for renovation in Barre. This MFR (duplex) offers approximately 1,242 square feet of above-grade living space with 3 bedrooms, 2 full bathrooms, and 8 total rooms, situated on an approximately 12,632-square-foot lot. A full unfinished basement provides additional storage and utility space. Built in 1892, the property features frame construction, a shingle roof, public water and sewer service, and a covered porch noted in prior marketing. The residence requires substantial repairs and presents an opportunity for renovation and customization.

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