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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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54 Mill St , Barre City, VT 05641
$1,550,000
Est. Payment: $3,444.44/mo
0 Bed
0 Bath
7340 Sqft
Status: Active | Days on site: 22
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House Description

Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey investment for an owner operator or investor alike. One single family home was built as recently as 2003, with a 2 car garage and storage above. An additional shed with electricity offers convenient space for property maintenance tools. Several apartment units have been recently renovated with new flooring and fresh paint, adding to the property's turnkey appeal and rental value. The included empty lot offers exciting potential to add another building and generate further income. Located at the end of Mill Street, the parcel abuts walking paths, and the beautiful Stevens Branch waterway (no flooding has affected the property in the last few local floods) with plenty of parking and yard space. All units are currently rented, reflecting excellent rental history and steady cash flow. The property operates at a 6.7% cap rate and grosses over $150,000 per year. Bringing rents to market rates could add roughly $26,000 in gross income, pushing the cap rate to nearly 8.2%, offering strong upside for investors. Conveniently located near shopping, restaurants, and easy access to I 89, this is a rare chance to acquire a stable, cash flowing multi family asset in a highly desirable Central Vermont location.

Highlights

Listed by Mikail Stein , 802-861-6248 RE/MAX North Professionals , 802-655-3333.

Property Type

Multi-Family

Lot/Acreage
1.62

Year Built

1880

County

Washington

School District

Barre Unified Union School District

Listing ID

5106066

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:7340
Basement:Yes,Concrete Floor,Full,Partially Finished,Storage Space,Unfinished,Interior Access,Exterior Access

Exterior Features

Lot:Existing
Zoning:R-12
Roof:Membrane,Shingle
Sewer:Public
Parking Features:Garage,Off Street,On-Site,Parking Spaces 11 - 20,Paved,Unassigned
Principal Interest
$3,444
Taxes
$1,649

Home Price

$1,550,000

Loan Details

30 yrs
%

Down Payment

20%
$310,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,444.44 $1,649.35 $0.00 $5,093.79
Yearly $41,333.33 $19,792.16 $0.00 $61,125.49
Total $1,240,000.00 $593,764.80 $0.00 $1,833,764.80

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Barre City, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.