Listing courtesy of Michael Gilman, 3GEN Real Estate Inc Phone: 802-227-7327
99 Clark Street, Brattleboro, VT, 05301
6 beds
1890
Multi-Family
2,736 sqft
High cash flow well maintained 4plex located in quaint Brattleboro neighborhood within proximity to the vibrant downtown, listed at a deep-value 11% cap rate. This 100% occupied building has 2x 2br and 2x1br, and a net operating income of ~38K with significant upside based on rents over 20% below market. A new owner can step into to yield over a 15% cash on cash return starting year 1, and build wealth through high cash-flow vs speculation. Rents can be brought to market to achieve north of a 25% cash on cash (see proforma in OM). In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex with value-add from growing rents to market, ahead of the investment and resurgence going on in vibrant and desirable Brattleboro. The property is available as a package with other buildings in Brattleboro and in nearby towns for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Status:
Pending
Type:
Multi-family
Units:
4
Zoning:
RM
Frontage:
131
Heating:
Oil
Cooling:
None
Basement:
Unfinished
Acreage:
0.09
Est. Taxes:
$4,205
Lot Description:
Corner
MLS #:
5032524