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The Burlington Free Press
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bedrooms
bedrooms
6
bathrooms
bathrooms
5
square feet
square feet
2,880
acreage
Acreage
0.36999540863177227
open houses
Open Houses
-
year built
year built
1970
full baths
Full Baths
5
half baths
Half Baths
0
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 12% 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.
Location
Subdivision -
County Windham
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 5034591
Listing agent: Steve Schoppmeyer
Listing broker: Better Homes And Gardens-The Masiello Group (800) 741-1540
Copyright © 2025 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Saturday, April 5 2025 at 3:57 a.m. EDT
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