Price Reduced 11.43%

$775,000 ($126.02 per sqft)

Est. Mortgage $4,177/mo *

Quick Pre-Approval

Listing courtesy of Kate Barry, eXp Realty Phone: 603-547-0852


Price History

$875,000
10/27/2023

$825,000
2/3/2024

$775,000
2/9/2024


6519 VT Route 30, Townshend, VT, 05353

6519 VT Route 30, Townshend, VT, 05353

10 beds

1950

Cottage/Camp, New Englander

6,150 sqft

Rarely available investment opportunity with assumable low cost debt consisting of a single family house and 5 cabins on over 5 acres in scenic Townshend, Vermont. Centrally located between Stratton Ski Resort, Mt. Snow and Brattleboro, these units are poised and ready for turn-key take over. 5 of the 6 homes are either new construction or gut renovated in the last year by the owner. Properties can also be used as short term rentals given proximity to some of Southern Vermont's finest recreational opportunities. The property is being sold at an 10% cap valuation, and the buyer can assume low cost fixed rate bank debt at 5.6% with a 10 year fixed term. The large lot has its own septics and wells to support all 6 units that include the large 2-bedroom, 2-bathroom main house alongside five charming cabins. The main house is large and open, with an inviting deck and tons of lawn space. The main house could be used as a primary residence, or as a long term or short term rental. The charming cabins, complete with private bathrooms, kitchenettes, and outdoor seating areas, provide the opportunity for significant long term and/or short-term reliable high rental income, in this sought-after Vermont location. Tenants pay their own utilities keeping income reliable and will allow the new owner to avoid the costs of ever increasing utility prices. The seller can also sell the adjacent lot with six additional multifamily units, all renovated to the highest standards.


Status:

Active

Type:

Multi-family

Units:

6

Zoning:

Res

Frontage:

225

Heating:

Baseboard, Wall Units

Cooling:

None

Basement:

Finished

Parking:

Driveway, On-Site, Parking Spaces 6+

Acreage:

2.58

Est. Taxes:

$8,246

Assessment

$396,800

Lot Description:

Rental Complex

School District:

Townshend School District

MLS #:

4975950


Community Info

School Info

Walk Score

Mass Transit

Yelp