This 6-unit fully-leased and cashflowing property is in great condition. With gross rents of $66,000, expenses (including property taxes) of $14,538, and net income of $51,462, this investment property shows a 12.1% cap rate. With stable, long-term tenants on annual leases and fully-separated utilities in 5 of the 6 units, just about everything is taken care of. Built in 1970, the property is modern and easy to maintain. Two spacious 2-bedroom units feature charming hardwood floors, while two 1-bedrooms include beautiful large picture windows and recently-installed mini splits, and two top-floor studios offer a full range of apartment options. Located just minutes away from downtown Brattleboro and all that it has to offer, where rental demand is sky-high, the property hasn't had a vacancy in years. A spacious lot allows for off-street parking for all six tenants, and nearby attractions include hiking trails, the Brattleboro farmers market, and the ski hill. Recent upgrades to the property include new propane furnaces and hot water heaters, insulation and stucco, and new bath fans and vents. At a 10% cap rate with low rents and the potential to add easily installed coin-op laundry in the common area for additional income, this would be fantastic for any investor. Nice turn key building that doesn't need anything to start earning money. See it today.
Listing Courtesy of PrimeMLS / Better Homes And Gardens Real Estate The Masiello Group / Steve Schoppmeyer
$189,900
Hardwick Area Single Family Home
Pending
160 Spring Street Hardwick, VT 05843
4 Bed
2 Baths
1530 sqft
MLS# 5020278
Charming in-town 4-5 bedroom house with garage on 0.26 acres. This circa 1912 home features much of its original grace with natural wood trim and doors, hardwood floors, living room with graceful bay window, entry foyer stained glass window and fancy wood stairs, main floor den or 5th bedroom, extra large eat-in kitchen overlooking the rear covered porch and yard, main floor 1/2 bath with laundry, small dining room with bay window. Upstairs there is a large primary bedroom with large 6x13 walk-in closet, 3 additional nice sized bedroom, and a full bath. The house features a full basement with newer electric panel and lots of storage and workshop space. The paved driveway leads to the oversized 24x32 two+ car garage. The house needs some care to eliminate some recent neglect but will be well worth the effort! Easy to see.
Listing Courtesy of PrimeMLS / Better Homes And Gardens Real Estate The Masiello Group / Steve Schoppmeyer
$185,000
Brattleboro Area Multi-Family
Active
148 Elliot Street Brattleboro, VT 05301
3 Bed
3 Baths
3370 sqft
MLS# 5025706
Spring Price Reduction! 3 One bedroom units and 4 single room occupancy units (SROs) w a shared bathroom and dishwashing area. Newer shingle roof on rear addition. The unfinished basement is spray foam insulated with a vapor barrier. Recent fire and safety inspection. Building needs a hands-on owner willing to take on some maintenance and improvements. Solid returns with opportunity to enhance with some improvements and separately metering heating to individual units. Fully rented. Low turnover with mostly longer term tenants in place.
Listing Courtesy of PrimeMLS / Better Homes And Gardens Real Estate The Masiello Group / Steve Schoppmeyer
$140,000
Proctor Area Multi-Family
Pending
8-10 Powers Square Proctor, VT 05765
4 Bed
2 Baths
2240 sqft
MLS# 5028301
In-village side by side Duplex looking for a owner. The 2 mirror image units feature a common enclosed entry porch entering into the hardwood floored living rooms, kitchens with pantry and dining rooms on the main level. Upstairs are 2 bedrooms and the bathroom. One bathroom has a custom tiled shower. Each unit has a stairway down to the basement which is split between the tenants. Each unit has separate FHA oil fired furnaces with brand new oil tanks and electric hot water tanks. Tenants pay for heat, hot water and electricity. Both units need some repairs and updating, including roof replacement on the rear side, but the prime location and pleasant floor plans would make the investment worthwhile. There are 2 sheds on the property as well for use by the tenants or the landlord. Parking is on the public street and plowing is done by the town.
Listing Courtesy of PrimeMLS / Better Homes And Gardens Real Estate The Masiello Group / Steve Schoppmeyer
$1,300 / mo
Walpole Area Rental
Active
9 Academy Lane Walpole, NH 03608
1 Bed
1 Baths
400 sqft
MLS# 5032266
Convenient, desirable downtown Walpole Village location, this ground floor one bedroom features a good sized living room with laminate flooring, bedroom with laminate flooring and ample closet, an eat-in kitchen with large pantry closet, and a 3/4 bath with shower. Available immediately. Tenant pays for Heat and AC via to-be-installed mini-split, and for electric. Landlord pays for hot water, water and sewer, trash and snow removal. Final candidate must provide and criminal background report at $30 per adult
Listing Courtesy of PrimeMLS / Better Homes And Gardens Real Estate The Masiello Group / Steve Schoppmeyer