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Listed by Michael Gilman • 3GEN Real Estate Inc
$ 725,000
Est. payment /mo
Price Dropped by $20K
29 Canal ST Brattleboro, VT 05301
18 Beds
8 Baths
4,932 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,932 sqft
Price per Sqft $146
MLS Listing ID 5037977
Bedrooms 18
Full Baths 8
Construction Status Existing
Year Built 1900
Annual Tax Amount $8,105
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Description
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 and rates. This allows an investor to realize returns from cash-flow vs speculation. Please reach out to the listing broker for up to date Offering Memorandum package. 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.
Location
State VT
County Vt-windham
Area Vt-Windham
Zoning MU
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane
Building
Story 3
Foundation Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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