304-306 Grove Street, Bennington, VT, 05201 | $299,000

This unique property offers two buildings and three apartments. The light blue house in front is 304 Grove St, which has a one bedroom, one bathroom apt upstairs and a two bedroom, one bathroom apt downstairs. 306 Grove St is a two bedroom, one bathroom cottage all its own! These two buildings are on one parcel and have all separate utilities paid for by the tenants. Both buildings are in pristine condition with great tenants who would love to stay! The rental history is strong and the annual net profit is approximately $28, 500. Great opportunity for a buyer who wants a low-maintenance property where they can live on-site and rent the other two apartments to help pay the mortgage or for an investor to add to their portfolio.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Units: 3
  • Style: Multi-Family
  • Year Built: 1900
  • Heating: Baseboard
  • Cooling: None
  • Basement: Bulkhead,Concrete Floor,Crawl Space,Full,No Tenant Access,Unfinished,Interior Access,Exterior Access
  • Approx Sq. Feet: 1,810
  • Acreage: 0.26
  • Est. Taxes: $4,769
  • Lot Desc: Level
  • Middle School: Mt. Anthony Union Middle Sch
  • High School: Mt. Anthony Sr. UHSD 14
  • School District: Southwest Vermont
  • MLS#: 4989009
  • Website: https://www.raveis.com
    /prop/4989009/304306grovestreet_bennington_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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 5/28/2024

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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304-306 Grove Street, Bennington, VT, 05201

$299,000

Nonie Slavitz

Broker Associate

William Raveis Real Estate

Phone: 508.325.2414

Nonie.Slavitz@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $239,200 $239,200 $239,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.011% 7.308% 6.644%
Monthly Tax Payment $397 $397 $397
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,652 $1,612 $2,067
Total Monthly Payment $2,124 $2,084 $2,539

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.