With the current rents this property is producing an approximate cap rate of 14%, and the seller believes these rents are on the lower side, since they haven't been raised for years. Apt# 1 & #2 are on the first floor, Apt #3 is rented by the rooms which consists of 5 rooms, a shared kitchen & bathroom(each room rents for $600/month. Apt #4 has two rooms renting for $600/month and sharing the bathroom & kitchen. Apt#3 and is on level 2 & 3. Rents include water, sewer, cable/internet, trash, heat, and electricity. Heat is oil or pellets and the current seller is using mostly pellets to heat the property. Full solid basement, side and rear parking for tenants. A real money maker, so don't wait.
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Attribution contact: 802-772-7487
Listing Agent: Hughes Group Team
Listing Office: Casella Real Estate