29 Canal ST new Save Request In-Person Tour Request Virtual Tour
Brattleboro,VT 05301
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,932 sqft
Price per Sqft $151
MLS Listing ID 5037977
Bedrooms 18
Full Baths 8
Construction Status Existing
Year Built 1900
Annual Tax Amount $8,105
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Description
High cash flow 100% occupied 8 unit located in downtown Brattleboro. This property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income estimated at north of ~$80K (12% cap without management fees). The property features an attractive mix of unit types and sizes including 4x rarely available oversized 3br, 2x2br and 2x1br A new owner can step into to this turnkey investment, projected to yield a ~19% cash on cash return starting year 1 based on current numbers. This allows an investor to realize returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 8-plex in the heart of vibrant and growing Brattleboro at an attractive valuation. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Location
State VT
County Vt-windham
Area Vt-Windham
Zoning MU
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane
Building
Story 3
Foundation Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing