This property is part of 28 units package, could be purchased all or two 14 unit packages, please see MLS # 5067282, total price for all 28 units is $2,450.000 Great investment opportunity, Well maintained property in Castleton (Bomoseen) this property consists of two buildings, Front building with 10units consists of five 2 bedrooms , Three 1 bedrooms , One 3 bedrooms and an Efficiency unit, Back building is 4 units (town home styles)2 stories each unit all four are 2 bedroom units. Total of 14 units , Sits on a large parcel over 6.8_+Acres near lake bomoseen and conveniently on route 30 but buildings are far enough from the road, Plenty of parking , Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $213,156 A year With expenses just around $67,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above12% , 11 units are occupied currently the other 3 are in transition .3 Heating boilers service the front building and two boiler Services the back building.
Operating Expenses : Heat,Insurance,Other,Trash,Utilities,Water/Sewer
Construction: Wood Frame
Year Built: 1925
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 14090
Above Grade Sq.Ft.: 12090
Basement: Unfinished
Roof: Metal | Slate
Seasonal: No
Heating: Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Telephone Available
Electric Meters:
Water: Drilled Well
Sewer: Plastic
Land Information
Country Setting | Lakes | Level | Major Road Frontage
Lot size: 6.84 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Road Frontage: 1003
Driveway: Gravel