Homes for sale - 238 Marlboro RD, Brattleboro, VT 05301

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Ryan Mahan

ryan.mahan.38@gmail.com +1(207) 462-3874

Listed by Steve Schoppmeyer • BHG Masiello Brattleboro

$ 425,000

Est. payment | -/mo

6 Beds

5 Baths

2,880 SqFt

Save

$ 425,000

Est. payment | -/mo

Save

6 Beds

5 Baths

2,880 SqFt

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $147

MLS Listing ID 5034591

Bedrooms 6

Full Baths 5

Construction Status Existing

Year Built 1970

Annual Tax Amount $7,591

Tax Year 2021

Lot Size 0.370 Acres

Acres 0.37

Property Description

This 6-unit fully-leased and cashflowing property is in great condition. With gross rents of $66,000, expenses (including property taxes) of $14,538, and net income of $51,462, this investment property shows a 12.1% cap rate. With stable, long-term tenants on annual leases and fully-separated utilities in 5 of the 6 units, just about everything is taken care of. Built in 1970, the property is modern and easy to maintain. Two spacious 2-bedroom units feature charming hardwood floors, while two 1-bedrooms include beautiful large picture windows and recently-installed mini splits, and two top-floor studios offer a full range of apartment options. Located just minutes away from downtown Brattleboro and all that it has to offer, where rental demand is sky-high, the property hasn't had a vacancy in years. A spacious lot allows for off-street parking for all six tenants, and nearby attractions include hiking trails, the Brattleboro farmers market, and the ski hill. Recent upgrades to the property include new propane furnaces and hot water heaters, insulation and stucco, and new bath fans and vents. At a 12% cap rate with low rents and the potential to add easily installed coin-op laundry in the common area for additional income, this would be fantastic for any investor. Nice turn key building that doesn't need anything to start earning money. See it today.

Location

State VT

County Vt-windham

Area Vt-Windham

Zoning SC / S

Rooms

Basement Entrance Walkout

Basement Finished

Interior

Cooling Individual, Mini Split

Exterior

Utilities Available Cable - At Site, Telephone At Site

Roof Type Shingle - Asphalt

Building

Story 2.5

Foundation Concrete

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

School District Brattleboro School District

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 462-3874

ryan.mahan.38@gmail.com

637 Main St Unit 3, Fryeburg, Maine, 04037, USA

238 Marlboro RD Brattleboro, VT 05301