9 River Street , Fair Haven, VT 05743
Fair Haven, VT 05743
Description
Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you’re expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.
Details
| Mls | 5022191 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | (10) Active - Active |
| Year | 1885 |
| Days On Site | 27 |
| Listing Provided By | Casella Real Estate | Hughes Group Team |
Features
| Sq Feet | 4,830 |
|---|---|
| Basement | Y |
| Storys | 2 |
| Units | 5 |
| Zoning | unknown |
| Acreage | 0.37 |
Market Activity 05743
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| State | VT |
|---|---|
| County | Rutland |
| City | Fair Haven |
| Zip Code | 05743 |
| Listing VS Median (in 05743) | |
Price: $319,900 low | high Med: $293,700 SqFt: 4,830 low | high Med: 2,866 $ / SqFt: $66 low | high Med: $103 On Site: 27 low | high Med: 31.000000 | |