Multi-Family Homes
Rare investment opportunity on 1.99 acres located in the New North End of Burlington. Existing 4 unit building with strong income stream plus new 2 bedroom 1.5 bath ADA accessible single family and 8 new 2 bedroom duplex style townhouses- a total of 13 rental units in all. Newer units are part of Planned Unit Development. Currently nearing completion, landscaping to be completed. All new units are Energy Star rated, off street parking, two units have attached garage. Convenient location on bus line, near bike path, and minutes to Downtown via 127 Connector.
Highland Meadows Condominiums is currently operated as a residential rental complex. The property has been condominiumized and one unit was sold and is not included in this offering. The property overlooks Rutland City and has fabulous views of the Green Mountains to the East. Well constructed and maintained property with all municipal services. 16 units in each building.
DRAMATICALLY SITUATED, IN AN ELEVATED POSITION, THE GILES HOUSE IS THE OLDEST OF THE STATELY BRICK HOMES, IN THE EQUESTRIAN SOUTH WOODSTOCK VILLAGE. DELIGHTFUL GROUNDS, EXCEPTIONAL IN-LAW ACCOMMODATION, WITHIN WALKING DISTANCE OF GREEN MOUNTAIN HORSE ASSOCIATION ACTIVITIES, A POST OFFICE, A GENERAL STORE, GOURMET DINING, AND A SWIMMING POND.
Property includes 14 rental units(gross monthly income of $10,000+ per month), two former dairy barns on 285.71 acres with fields, pasture and mixed woods. Additional buildings include sheds and seasonal secluded camp. Road frontage is on N.Wolcott Road and Rt. 15. Farmhouse, Rt. 15 house, and brick house have basements, 5 single wide mobile homes and the double wide MH do not have basements. ROW serves the camp and some of the acreage. Valley views may be possible from the camp area. Additional income from winter storage and one office and one store space. Rental details available to qualified buyer. Some owner financing or purchase of a particular section is possible. 211.6 acres of woodland is in the VT. Current Use Program. Forester's report is available for review. Located at jct. of Route 15 and the North Wolcott Road for easy access to Morrisville/Stowe, Craftsbury and Hardwick areas.
30 units in the heart of Newport City. Most units have had many updates and renovations. Property comes with 30 unit of verious sizes, .59 of an acres in a commercially zoned part of Newport City. Lake views from most units! Newer furnaces in most buildings. New roof on 40 BV in 2011. All roofs were sealed in 2011. Furnace in BV 74 & 55 replaced 2007, Furnace in 50 was replaced in 2005 & 2nd furnace was added in 2010, Furnace in 40 BV was replaced in 2004 & 2nd furnace was replaced in 2010. 35 BV new fire alarm added in 2011. State fire marshall has inspected 17 of these units and approved. Broker/Owner.
Nothing compares to this masterfully restored Mansard 3 story brick building. The owner has gone to extremes to retain the buildings integrity yet incorporating the internal updates required to operate efficiently. Each unit can be purchased separately as the condominium paper work is in place if desired. This building resides on a level .74 level City lot, has frontage on Center and Court Streets and is walking distance everything. The feeling of the building is of New York City quality and you will never ever be able to compare this property to anything else in the area. Qualified Buyers Only please.
Turn Key 3 Separate Buildings - 8 units with 17 total bedrooms. Fully rented - strong financials. Convenient South End Burlington Location. Plenty of parking - 10+ spots. See individual buildings as MLS #4135322, #4135479 and #4135333.
Wonderful investment opportunity in this amazing property. Here is a very rare 9 unit income producing multi family home in Burlington. Total of 16 bedrooms with 7 two bedroom units and 2 one bedroom units, all with great layouts. Long term tenants with an excellent rental history and room to increase rental income. Projected net operating income is $76,328. Possibility to increase cash flow and add coin operated laundry room that can be accessed by all tenants. With off street parking and storage this apartment building is a must see for anyone looking! Motivated Seller.
Great rental property close to downtown, UVM, Fletcher Allen. Large units. Lots of parking. Laundry in basement.
Broker/agent has no personal interest in this property. Recently converted from a B&B to a Tri-Plex. All units have a fireplace, covered porch or patio. all appliances are new. The owner occupies unit #2. Unit #3 is currently rented and #1 is vacant as of this moment. All utilities are included. The majority of the property is flood plains. Building is not as per Fima Certification, however, Hurricane Irene, a 500 yr storm, flooded the basement for a day before it was pumped out. The structure is an original 1840 Italianate design w/complimentary addition 1986,1995 and recent renovation. Could easily be converted back to a B&B. Licensing would be necessary. Beautiful setting, large barn on site as well as ample parking. Pride of ownership shows everywhere and the rental units are larger than most homes. Manchester 10 minutes north and Bennington 20 minutes south convenient for shopping and all sports activities. Beyond 6th grade there is "school choice".
Unique commercial property in the center of Ludlow Village! Two buildings totaling over 6500 sq. ft. of usable space. Presently one 3-bedroom unit, three 2-bedroom units, and two 1-bedroom units. Also large 8-bay garage on property. Located in the Historic District, offering high visibility & plenty of parking. On Okemo Shutle route and bordering the Black River. Owner and Trustee is licensed sales person.
Very well located and maintained multi-family property with 9 units. Property is two separate buildings linked together and each has separate heat units & each has a coin operated washer & dryer in the lower levels. 8 Units are the same with 2 BR's, LR, eat in kitchen & full bath. all have front & rear doors and use of small rear yard. 9th unit is a two story with kitchen, LR/DR and 3/4 bath on first floor and 2 BR's with 3/4 bath on second floor. Each unit has on assigned parking space. Property is fenced, adjacent to police station for great security, has small back yard and newly landscaped front yard & entry area. Most of property burned in 1970 and was built new from the foundation up in 1971. Each apartment has high quality lino in kitchen & baths with carpet in LR & BR's. Walls are a mix of paneling and sheetrock, Tenant's pay electric, landlord pays heat, water & sewer
Very unique and special historic building located in the heart of Stowe village. Lower level currently has 2 commercial spaces which share a 3/4 bath - completely updated in 2008 and has hardwood floors and front unit has wood-burning fireplace. Upstairs level has 1 BR apartment with original wideboard floors, 2 wood-burning fireplaces with specialty woods throughout. Upstairs 2 BR apartment has wideboard and hardwood floors and some wood paneling. Many possibilities for this building - live in part of it, operate your business and rent the rest. Tenants pay all utilities as well as plowing and lawn maintenance. Owner/broker.
This prime investment property consists of a total of 13 rental units. 1 commercial unit leased to the State of VT, 8 two bedroom, 1 one bedroom and 3 studio apts. All units have been renovated, are in excellent condition, and are in compliance with VT state fire code. All units are modern with amenities such as fire places, washer dryer hook ups, dishwashers and beautiful views. Most tenants are long term professional working people who take pride in where they live. This is an extremely easy to manage property.Consisting of more than 10 acres, it easily lends itself to additional uses and expansion, prime rt 4 frontage for commercial use, and various sites to build more apts on. Property is serviced by two wells, each classified as small scale non community. The new well has an output of 110 gpm and will easily support more units. This property is a cash cow and has a 14% cap rate at the asking price.
Tubbs Mill originally built in 1806 as a leather shop has been transformed over the years into a mill and most famouly the headquarters and manufacturing site for Tubbs Snowshoes. With today's interest in alternative energy, the historical atmosphere of an old mill and the potential for both commercial and residential possibilities, this mill is ripe for a creative, imaginative person to restore the vibrancy of the "Tubbs Mill." A centerpiece to the entrance of Stowe, the beautiful falls, the sound of the river, all enhance the viability of a successful project. Mixed use of residential, restaurant, studio space and small manufacturing are just some of the ideas that come to mind. With federal and state assistance a savvy investor could turn this property into a showpiece of innovative technology and architecture.
1841 Historic Home which was operated for over 60 years as a BnB. Recently converted to a Duplex with the main house containing 4BR with office, large double living room, new kitchen in 1997, family room and a very classical presentation in the way it has been restored. The Unit 2 has a new (2011) kitchen and dining room which seats 10-14 people. Home features 7 BR's and 6 baths, all very nicely decorated. Home is ideal for two families OR for a family that wants to manage the rental income potential of Unit #2. Septic system was new in 2009, entire home was rewired, new plumbing and new heat systems in 1997. Standing seam metal roof added in 1997. Main house has oil fired steam heat and unit 2 has oil fired hot air heat
***Seller will hold $100,000.00 second mortgage 0% amortized over 30 years with a 4 year balloon.***This is a great money making opertunity. GREAT income and expense sheets. Tax returns. One building with ten units each with two bedrooms and a laundry area and plenty of parking. Take a look at the number and at the building. You will be impressed.
Burlington Duplex with (2) four bedrooms apartments, fully rented for 2013 School year.Very well maintained, turn-key property with strong financials, (8%+ Cap Rate) Tenants pay utilities. Great location-near Campus, Fletcher Allen Hospital and Downtown Burlington. Plenty of off-street parking. Call today!
Ideal condo conversion opportunity. 2 front 3 bedroom townhouse units have separate basements. Rear 4 flat style units are cute with 12 parking spaces. Additional $1200 income from coin operated washer/dryer. 4 large storage units in basement for back 4 units. Operating expenses also included: snow removal and water/sewer.
Highly visible office building! Fully leased! Excellent rental history! This 5 unit property includes 2 large multi-room office complexes and 3 apartments. An investment opportunity, or an opportunity for prime owner occupied office space, with the additional advantage of income producing rental units. The primary office complex has a conference room, large kitchen/break room, 3 ground floor offices, 3 2ND floor offices, a document room and 2 baths. The 2ND office complex has 4 offices, a conference room, a kitchenette and 1/2 bath. The 3 attractive single bedroom apartments have their utilities separately metered. A well maintained owner occupied property, in an highly visible location, in desirable Woodstock.
This multi-family 2 unit is affectionately called "The River Ranch' by generations of Dartmouth graduate school students. Unit A is a 3 BR unit and Unit B has 5 BR. The property is a short bike ride to the Dartmouth campus and is directly on the Connecticut River. Great cash flow for the long term investor.
This 1906 Historic Victorian displays beautiful architectural details throughout. It is an ideal owner occupied investment property live in your dream home and your tenants will significantly reduce your expense -with 20% down and a 30 year mortgage you pay $1500/mo. after rents are collected WOW! The condition of this home reflects a pride of ownership that dates back to its beginning; most of the original fixtures are still in place while major systems have been efficiently updated including insulation, windows, wiring, roofs, heating system, and fresh exterior paint. The Property includes a separate carriage barn with 2 charming apartments built in 2001 that generate an income of $22,500/year. Village living allows you to park the car and walk to schools, parks and rec fields, restaurants, farmers market and more. This versatile property has many possible uses: in-law, au pair, B&B, home office or small business. Feature booklets available.
Nice 4 unit Burlington property.
Mountain View Villas is a great investment property. Turn key operation that has been completely updated/renovated within the past 8 yrs, Labor & Industry approved, State approved septic & back up system, Full occupancy, plentiful parking. Many opportunities for the savvy investor.
WONDERFUL MULTI-FAMILY UNIT WITH MEMBERSHIP TO QUECHEE LAKES. TOP FLOOR HAS 3BR/2BA-A VERY SPECIAL PENTHOUSE STYLE SUITE W/OUTSTANDING VIEWS OF THE QUECHEE VALLEY, RIVER AND LAKE PINNEO. OTHER 4 UNITS CONSIST OF 1-2 BR AND HAVE A SOLID RENTAL HISTORY.PRESENTLY, GROSS RENT ANNUALS IS $58,200-IF NEW OWNER WANTED TO OCCUPY TOP FLOOR THEN GROSS RENT WOULD BE $40,200. FIRE MARSHALL HAS CERTIFIED COMPLIANCE W/CODE. YOUNGS PROPANE IS PROVIDER.ROOF IS SCHEDULED FOR REPAIRS 2011-$3500-REMOVE ALL NAILS, INSTALL NEW ROOF SCREWS AND RE-SURFACE ENTIRE METAL ROOF. ALL UNITS WERE RENOVATED WITHIN LAST 6 YEARS. OWNERS QUARTERS/PENTHOUSE SUITE-KITCHEN-MAPLE CABINETS, GOURMET APPLIANCES, QUARTZ COUNTER TOPS. BATHS-MAPLE VANITIES W/QUARTZ COUNTER TOPS, KOHLER FIXTURES. HUBBARDTON FORGE LIGHTING THROUGHOUT. WOODSTOCK GAS STOVE IN FAMILY ROOM.CENTRAL AIR-AND HOT AIR TOP UNIT, DIRECT VENT AND WINDOW AC IN OTHER 4 UNITS.
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