Listing courtesy of Luke Sykes, Jim Campbell Real Estate Phone: 802-334-3400
2 Cross, 24 Main, 109/113/123/389 Railroad Street, Brighton, VT, 05846
0 beds
27 Full baths
1850
Multi-Family
35,784 sqft
Income producing properties consisting of 33 total units (29 residential & 4 commercial) in 6 separate buildings. Total current rental income = $296,525, potential rent = $394,325 (additional 2 vacant residential units being renovated at the moment and 4 owner-occupied commercial units/businesses). Total annual operating expenses = $117,497. Commercial units consist of two, retail storefronts and an arcade/ laundromat with 10 owned coin-op washers & 10 dryers. Owner will consider negotiating a sale to include any/all of the businesses, equipment, and inventory. All properties are in decent condition, have very low vacancy rates and many have long-standing tenants/leases. This would make a manageable investment as all properties are within close proximity/walking distance to all town amenities, with current rental manager willing to offer services to new owner. All buildings are serviced by public/water sewer and a combination of oil-boilers/propane wall units. Full financials, leases, property details, etc. available.
Status:
Active
Type:
Multi-family
Units:
33
Zoning:
Village
Heating:
Propane, Oil, Baseboard, Hot Water, Radiator, Wall Units
Cooling:
Wall AC Units
Basement:
Concrete, Concrete Floor, Crawl Space, Dirt Floor, Insulated, Stairs - Interior, Sump Pump, Exterior Access
Parking:
On-Site, On Street
Acreage:
1.51
Est. Taxes:
$17,955
Lot Description:
City Lot,Rental Complex,Near Snowmobile Trails,Neighborhood,Near ATV Trail,Near School(s)
Elementary School:
Brighton Elementary
Middle School:
Brighton Elementary School
High School:
North Country Union High Sch
School District:
North Country Supervisory Union
MLS #:
5034779