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Listing provided by BHG Masiello Brattleboro. Listing Agent: Chris Long

6 Unit income property walking distance to downtown ...
Location: Brattleboro, Vermont

Price: $399,000.00

MLS #: 4752722

Year Built: 1890

Lot Size: 0.16 Acres

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  6 Unit income property walking distance to downtown Brattleboro VT. The original 1890 structure was completely gut renovated in 1986 taking 1.5 years to complete. The current owner turned an abandoned shell into some of the most pleasant, tasteful and comfortable rentals in town. The building has been relatively maintenance free and attracts very good tenants. The renovation included significant attention to efficiency which equates to lower heat costs and sports a large SOLAR (roof mounted) hot water installed and designed to keep the ongoing costs even lower in the future but has yet to be fully realized. The property offers tenants off-street parking and is next to a beautiful park. Most units have a covered porch. Interior details include: Maple floors, Oak cabinetry in kitchens, raised panel doors and varnished woodwork. On the outside the building has a fresh coat of solid stain, New doors, thermo-pane windows and is in very good overall condition. Other features include: Insulated concrete foundation, Two layer roof system to reduce the chance of leakage and keep the building cooler in the summer months, porch structure built almost entirely from pressure treated lumber, all new plumbing and wiring and has a complete sprinkler system. Three 2 bedroom units, two studio units and a third floor 3 bedroom penthouse apartment with tremendous views of downtown and beyond. The financial numbers speak for themselves and currently are at a CAP RATE of 11 plus.

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