3180 Franklin St, Sudbury, VT 05733
10 Unit Apartment Building | $895,000 ($89,500/Unit) | 9.16% Cap Rate | Sudbury, VT 05733
For Sale
Active
Asking Price $895,000
- Property Type
-
Multifamily
- Square Feet
- 7,700 SF
Listing Contacts
Michael Gilman
Property Overview
Rare opportunity to own one of the larger buildings in the charming artisan town of Brandon, VT. This turnkey 10-unit property has an annualized NOInorth of $80K, consists of an 8plex (8x1br) and Duplex (2x2br) on one tax lot. This building provides outstanding cash flow, with significant upside on rents based on existing and legacy leases per rent roll. Units and buildings have been meticulously cared for and renovated. A new owner can step in to enjoy the high cash flow and low maintenance expenses. The duplex in the back and the larger 8plex have had updates and renovations across all units. This low maintenance and energy efficient property features its own well and septic and individualized propane heaters per unit. All of these updates and features help keep annual costs lower than the average multifamily and saving the owner from the ever-increasing inflationary pressure across expense line items. The property is available as a package with other buildings across VT for a buyer looking for a larger portfolio. Listing broker is also Manager of the LLC that owns the property.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 176,854 SF
- Units
- 10
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