Price Reduced 7.30%
Listing courtesy of Nancy Liberatore, Realty One Group Lakes & Homes Phone: 802-671-8042
Price History
$1,699,000
3/28/2024
$1,575,000
4/26/2024
35,53,79 Meadow Lane, Castleton, VT, 05735
5 rooms
2 beds
12 Full baths
1971
Freestanding
9,984 sqft
Prime Multi-Family Investment Opportunity in the Heart of Castleton! Investors, seize the opportunity to own this impressive multi-family property. These well maintained buildings offer a total of 12 units, providing a steady stream of rental income and excellent potential for growth. Each spacious unit features 2 bedrooms and 1 bath, offering tenants a comfortable and spacious living space. The units are equipped with many updates ensuring high tenant satisfaction and retention. The property boasts a strong rental history and is currently fully occupied, generating a reliable income stream for savvy investors. With separate meters for electricity, low maintenance costs and a solid rental market demand in the area, this property presents a lucrative investment opportunity with great cash flow potential with a CAP rate of greater than 8%. Don't miss out on this rare chance to add a profitable property to your investment portfolio. Take advantage of the growing rental market and secure your financial future with this exceptional investment opportunity.
Status:
Active
Type:
Multi-family
Units:
12
Zoning:
residential
Frontage:
689
Heating:
Hot Water
Cooling:
None
Basement:
Concrete, Concrete Floor, Stairs - Exterior, Sump Pump, Walkout
Acreage:
1.6
Est. Taxes:
$18,559
Lot Description:
Country Setting,Level,Trail/Near Trail,Walking Trails
Amenities:
Coin Laundry, Common Acreage, Trash Removal
Elementary School:
Castleton Elementary School
Middle School:
Fair Haven Grade School
High School:
Fair Haven UHSD #16
School District:
CastletonHubbardton USD 4
MLS #:
4989481