Listing courtesy of Michael Gilman, 3GEN Real Estate Inc Phone: 802-227-7327
29 Canal Street, Brattleboro, VT, 05301
18 beds
1900
Multi-Family
4,932 sqft
High cash flow 100% occupied 8 unit located in downtown Brattleboro. This property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income estimated at north of ~$80K (12% cap without management fees). The property features an attractive mix of unit types and sizes including 4x rarely available oversized 3br, 2x2br and 2x1br A new owner can step into to this turnkey investment, projected to yield a ~19% cash on cash return starting year 1 based on current numbers. This allows an investor to realize returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 8-plex in the heart of vibrant and growing Brattleboro at an attractive valuation. The property is available as a package with other buildings across VT 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:
Active
Type:
Multi-family
Units:
8
Zoning:
MU
Frontage:
63
Heating:
Oil
Cooling:
None
Basement:
Unfinished
Acreage:
0.09
Est. Taxes:
$8,106
Lot Description:
In Town
MLS #:
5037977