51 Andover Street Ludlow VT Multi Family For Sale $375000

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51 Andover Street Ludlow VT
Listed by The Nancy Jenkins Team Nancy Jenkins Real Estate

Description:

Minutes from Okemo Mountain and the heart of Ludlow, this well-maintained triplex offers the perfect blend of Vermont lifestyle and strong investment performance. Listed at just over an 8.5% cap rate, the property features three units consisting of two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Residents enjoy easy access to skiing, hiking, restaurants, shops, and the nearby park, making this an attractive location year-round. Thoughtfully maintained with a slate roof that is professionally inspected annually, a new Trex deck, and low-maintenance exterior finishes, ownership is designed to be as hassle-free as possible. Ample parking on both sides of the property provides added convenience for tenants and guests. Whether you're looking to expand your portfolio, live in one unit and rent the others, or capitalize on the area's four-season appeal, this property offers a rare opportunity in one of Vermont's premier recreational destinations. 3D Virtual Tours Available Upon Request. Operating Expenses : Maintenance,Snow Removal,Trash,Water/Sewer

Annual Expenses

Taxes: $4,206

Income
Gross Income | $47,700
NetIncome | $34,207

Unit Information:

UNIT 1

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1140
Level: 1
Rent : 1550.00 Monthly
Lease Term : Annual
Signed Lease : Yes

UNIT 2

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1100
Level: 2
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes

UNIT 3

Beds: 1
Baths: 1
Sq.Ft.: 375
Rent : 925.00 Monthly
Lease Term : Annual
Signed Lease : Yes

Construction Information:

Construction: Wood Frame
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 3349
Above Grade Sq.Ft.: 2370
Basement: Unfinished

Roof: Slate
Seasonal: No

Heating: Oil | Baseboard | Electric
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters: 4
Water: Public
Sewer: Public

Land Information
Ski Area | In Town | Near Skiing
Lot size: 0.17 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Driveway: Paved

Additional Information

Taxes $4,206
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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