Fair Haven, VT | 9 River Street

$299,000
MLS#: 5022191
5
# of Units
3,220
Total Sq. Feet
0.37
Acres
$4,855
Taxes
1 of 27

General Property Information

Price:
$299,000
County:
VT-Rutland
Acres:
0.37
Property Type:
Multi-Family
Property Status:
Active
# of Units:
5
Agency/Brokerage:
Hughes Group Team
Casella Real Estate

Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you’re expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.

Features

Property Type:
Multi-Family
# of Units:5
Subdivision Name:
Year Built:
1885
Parking:
Road Frontage:
0
Acres:0.37
Gross Income:
53,400
Annual Expenses:
0
# of Gas Meters:
# of Electric Meters:
0
Sq Ft (Above Ground):
3220
Sq Ft (Below Ground):
0
Total Sq Ft:
3220
Land Description:Level
Elementary School:
Middle School:
High School:
Financing Details:
Documents Available:

Unit Information

Unit 1

#Rooms:
0
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
Unit Style:
Monthly Rent:
1000.00

Unit 2

#Rooms:
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
Unit Style:
Monthly Rent:
900.00

Unit 3

#Rooms:
#Bedrooms:
#Baths:
1
Sq. Ft.:
0
Floor:
Unit Style:
efficiency
Monthly Rent:
650.00

Unit 4

#Rooms:
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
Floor:
Unit Style:
Monthly Rent:
1000.00

Unit 5

#Rooms:
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
Floor:
Unit Style:
Monthly Rent:
900.00

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2024-11-13
Last Updated:
2025-01-06 19:53:30

Morrisville Office

Laurel Houle

(P) 802.888.1102
(F) 802.888.1106
email

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