14 FIRST STREET Swanton, VT 05488 | Swanton | Multi-Family
$550,000 ![]()
Closed
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6976 sqft.
Listing Courtesy of
Rocheleau Realty Associates of Vermont
Description
Incredible Investment Property – Turn Key operation, fully rented with very long term tenants and a great 7.25% cap rate. Annual net $40,000. Great location, walking distance from Swanton’s Beautiful Village Park. There are 3 two-bedroom and 3 one-bedroom apartments. Parking on site. Some of the tenants have been here for over a decade. Rents are at market and things are running smoothly with almost no vacancy (Owner did leave one unit vacant during COVID for obvious reasons). Property is fully occupied and tenants are all current. Take over this well managed property and start building equity for your retirement.
Property Details
List Price
$549,000
Sold Price
$550,000
List Date
2021-07-29
Sold Date
2021-10-08
MLS ID
4875225
Status
Closed
Property Type
Multi-Family
County
VT-Franklin
Days on Market
8
structure
AG Finished Area
4656.0
basement
Yes
cooling
None
foundation details
Concrete
garage spaces
0.0
garage y n
No
heating
Baseboard, Hot Water
living area
6976.0
living area units
Square Feet
new construction
Existing
Parking Features
Paved
roof
Shingle - Architectural
stories
2
year built
1990
characteristics
Acres
0
lot size area
0.25
Lot SqFt
10890.0
lot size units
Acres
# of Units
6
road frontage type
Paved
road surface type
Paved
school
elementary school
Swanton School
high school
Missisquoi Valley UHSD #7
middle or junior school
Missisquoi Valley Union Jshs
tax
tax annual amount
11308.0
tax year
2020
zoning
Neighbor Commercial
financial
gross income
72030.0
net operating income
39430.0
operating expense
32600.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
3
Buyer Agency Comp. Type
%
Non-Rep Comp.
3
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 5:02:54 AM (UTC)
