Meg Streeter Real Estate. Townshend , VT Listing

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Listing provided by EXP Realty. Listing Agent: Kate Barry (Phone: 603-547-0852)

Rarely available investment opportunity with assumab...

Location: Townshend, Vermont

Price: $775,000.00

MLS #: 4975950

Year Built: 1950

Lot Size: 2.58 Acres

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Rarely available investment opportunity with assumable low cost debt consisting of a single family house and 5 cabins on over 5 acres in scenic Townshend, Vermont. Centrally located between Stratton Ski Resort, Mt. Snow and Brattleboro, these units are poised and ready for turn-key take over. 5 of the 6 homes are either new construction or gut renovated in the last year by the owner. Properties can also be used as short term rentals given proximity to some of Southern Vermont's finest recreational opportunities. The property is being sold at an 10% cap valuation, and the buyer can assume low cost fixed rate bank debt at 5.6% with a 10 year fixed term. The large lot has its own septics and wells to support all 6 units that include the large 2-bedroom, 2-bathroom main house alongside five charming cabins. The main house is large and open, with an inviting deck and tons of lawn space. The main house could be used as a primary residence, or as a long term or short term rental. The charming cabins, complete with private bathrooms, kitchenettes, and outdoor seating areas, provide the opportunity for significant long term and/or short-term reliable high rental income, in this sought-after Vermont location. Tenants pay their own utilities keeping income reliable and will allow the new owner to avoid the costs of ever increasing utility prices. The seller can also sell the adjacent lot with six additional multifamily units, all renovated to the highest standards.

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 04-29-2024


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