Pending

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Listed by Flex Realty Group of Flex Realty
Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends. Another standout feature of this apartment building is its large landscaped yard, providing tenants with a beautiful outdoor space to relax and enjoy. In addition to its excellent location and tenant demand, this property boasts solar panels, which provide economical electricity to tenants, reduce their utility costs, and generate a revenue stream for the owner, enhancing the property's overall profitability and appeal to environmentally-conscious renters. Speaking of revenue streams, there is also a couple coin op washer/dryers in the basement common area for tenants to use. This apartment building is not just a property; it's a gateway to a lucrative investment opportunity. The combination of its prime location, strong tenant demand, and additional revenue streams makes it a compelling choice for investors looking to diversify their portfolio. The generous 11% cap rate further underscores its investment potential, making it a standout option in today's real estate market.

More Info

Tax Information

  • Tax Year2024

Building

  • Year Built1850
  • ConstructionExisting
  • Bedrooms3
  • Bathroom3
  • Total Baths3
  • 3/4 Baths2
  • Total Rooms10
  • Square Feet1,970
  • APX Unfin Below Grade768
  • BasementUnfinished
  • FoundationConcrete, Stone

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemDirect Vent
  • SewerSeptic
  • ElectricCircuit Breaker(s)
  • UtilitiesCable - Available

Parking

  • Parking Spaces2

Location

  • Building Number12
  • StreetParsonage Road
  • TownStarksboro
  • StateVT
  • Zip05487
  • CountyAddison
  • Flood Zone Y/NUnknown

Property

  • Acreage1
  • DrivewayCrushed Stone
  • RoadsPublic

Exterior

  • Exterior FeaturesDeck, Porch - Enclosed
  • RoofMetal, Shingle - Asphalt

Other

  • Delayed ShowingsNo
  • SeasonalNo
  • Page117-118
  • Date Listed08/09/2024
  • View Count5

Rooms

  • Full Bath1

Basic Information

  • MLS Number5009065
  • MLS StatusPending
  • StatusPEN
  • Property TypeSingle Family
  • List Price$258,000
  • Listing Agent NameFlex Realty Group
  • Broker NameFlex Realty

Interior

  • Interior FeaturesCeiling Fan
  • FloorsCarpet, Laminate, Vinyl
  • Stories2

Amenities

  • PricePerSqFt130.96

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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 September 11, 2024 7:09 PM EDT

 

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