$4,595,000 $24,667 est/mo Sourced by Back At You

73 South Main Street,Waterbury, VT 05676

Waterbury VT, 05676

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Description

Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investmentthe projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.

Details

MLS#5002132
Listing TypeFor Sale
Sub-TypeResale
Year2004
Days On Site20
Listing Provided ByColdwell Banker Carlson Real Estate | Smith Macdonald Group

Features

BasementY
Units20
ZoningDowntown Comm
Acreage0.86

Market Activity 05676



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Listings Checked: 1 minute ago
StateVT
CountyVT Washington
CityWaterbury
Zip Code05676
Listing VS Median (in 05676)
Price:
$4,595,000
low | high
Med:
$725,000
100% of Average
On Site:
20
low | high
Med:
40.000000
50% of Average
Sourced by Back At You
Listing Updated: July 3, 2024 at 6:30:58 AM PDT