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Listed by Flex Realty Group of Flex Realty
Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1880
  • Building ConstructionWood Frame
  • Units3
  • Unit 1 Bath2
  • Unit 1 Bedrooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • Bathroom4
  • Total Baths4
  • BasementUnfinished
  • FoundationStone

Basic Information

  • StatusACT
  • List Price$699,000
  • Date Price Change11/04/2024
  • MLS Number5003027
  • MLS StatusActive

Property

  • Acreage0.41
  • GarageNo
  • Parking Spaces
  • Lot DescriptionSidewalks
  • Square Feet4,320
  • APX Fin AG Sqft4,320
  • AreaVT-Rutland

Amenities

  • PricePerSqFt161.81

Location

  • TownBrandon
  • StateVT
  • Zip05733
  • CountyRutland
  • Zoningres
  • Address16 Franklin Street
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt, Slate

Utilities

  • Heat SystemPropane, Baseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable

Other

  • Taxes$3,402.92
  • Seasonal Y/NNo
  • Operating Expenses11359
  • Date Listed06/29/2024
  • Unit 1 Deposit$3,000
  • Unit 2 Rent Amount$1,650
  • Unit 3 Rent Amount$1,650
  • View Count20

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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 December 12, 2024 9:49 AM EST

 

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