Listing courtesy of Michael Gilman, 3GEN Real Estate Inc 802-227-7327
317 Pleasant Street, Bennington, NH, 05201
10 rooms
5 beds
1900
Duplex
2,201 sqft
Centrally located renovated Bennington duplex, with backyard and garage. This duplex can generate an annual net operating income of ~$23k+ at current numbers (~10.5%), producing robust returns from cash flow and not speculation! Owner performed renovations since acquiring, including to heating systems, plumbing, and gut renovation of the upstairs 2br (currently rented for $1,400). Unit 1 on the ground floor is spacious 3br ~1,250 square feet with backyard access, eat in kitchen, desirable layout, and would make a perfect owners' unit if the intention is to owner occupy and cover your mortgage and make extra income (current rent is $1,709 and tenant is on a month-to-month lease). his is a significant opportunity to acquire in-demand housing in Bennington ahead of the historic $54million Bennington Highschool mixed use redevelopment down the street (one of the largest redevelopments in state history), and the start of a falling rate environment that should lead to organic price appreciation independent of the strong cash flow. Listing Broker is a member of the LLC selling the property.
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
VR
Frontage:
4
Garage:
1-car Garage
Heating:
Propane, Wall Furnace
Cooling:
None
Basement:
Full
Acreage:
0.1
Est. Taxes:
$4,219
Lot Description:
In Town,Near Shopping,Near Public Transportatn,Near Hospital,Near School(s)
MLS #:
5065393