Fully occupied and offering strong investment potential, this beautifully updated village property presents a versatile mixed-use opportunity with two turnkey rental units and ground-level commercial space. Situated on a generous half-acre lot, the property blends modern improvements with original character. The fully renovated commercial space is currently home to El Gato Cantina, while the upper level features a completely renovated one-bedroom apartment with a full kitchen, 3/4 bath and high efficiency washer & dryer. A second rental unit on the main level offers a studio apartment with a private 3/4 bath. Recently inspected and brought into full fire code compliance, the property has undergone substantial upgrades, including a modern on-demand LP boiler, 22 high-efficiency Low-E vinyl windows, updated electrical with the panel relocated to the main level, blown-in cellulose and spray foam insulation, and an enlarged parking area. Outside, a detached garage, formerly a horse barn, offers additional storage, complemented by a spacious yard with mature perennials and a versatile shed. Enjoy a walkable village location close to shops, the library, art galleries and the Cambridge Community Center, with Smugglers' Notch Resort, the Lamoille River and Rail Trail just minutes away. A compelling opportunity to own an established income-producing property with residential and commercial rental potential in the heart of Cambridge!
Rare opportunity to acquire a turnkey multifamily investment along with a shovel-ready development site in the heart of Morrisville, Vermont. This unique package includes a recently constructed 15-unit apartment building at 24 Jersey Way, as well as an adjacent parcel that is fully permitted with all major utilities and infrastructure already in place for an additional 8 units. Complete building plans are available, allowing a buyer to move forward with development immediately and capitalize on the property's future growth potential with minimal upfront hurdles. The existing 15-unit asset, built in 2024, offers investors modern construction, strong cash flow, and virtually no deferred maintenance. Each unit is equipped with an efficient ducted mini-split heating and cooling system, with air exchangers in each unit, while all-electric utilities throughout the building help streamline operations and reduce ongoing maintenance concerns. With an attractive projected capitalization rate of approximately 7.25% (excluding professional management expenses), the property presents a compelling investment opportunity for both seasoned and first-time multifamily investors alike. Professional vendors and service providers are already in place, creating a truly turnkey ownership experience from day one. Whether your strategy is to hold a stabilized income-producing asset, expand your portfolio through additional development, or pursue both simultaneously, this offering provides therare combination of immediate returns and long-term upside in one of Vermont's growing rental markets.
Investment Opportunity in South Barre! With two buildings on this corner lot, the property offers flexibility and potential for a variety of investment strategies. One 1939 Colonial has 3 units and one 1940 super cute Cape house as a separate rental. This multifamily property offers an excellent opportunity for an investor or owner-occupant looking to build equity and generate rental income. Ideally situated along South Barre Road, the property provides convenient access to Barre-area amenities, services, and major commuter routes such as I-89. Bring your vision and explore the possibilities this well-located Barre property has to offer.
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