$ 699,000
16 Franklin ST Brandon, VT 05733
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Listed by Flex Realty Group • Flex Realty
$ 699,000
Est. payment | /mo
9 Beds
4 Baths
4,320 SqFt
$ 699,000
Est. payment | /mo
9 Beds
4 Baths
4,320 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $161
MLS Listing ID 5003027
Bedrooms 9
Full Baths 4
Construction Status Existing
Year Built 1880
Annual Tax Amount $3,402
Tax Year 2023
Lot Size 0.410 Acres
Acres 0.41
Property Description
Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning res
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Heating Gas - LP/Bottle
Cooling None
Exterior
Utilities Available Cable
Roof Type Shingle - Asphalt,Slate
Building
Story 2
Foundation Stone
Sewer Public
Construction Status Existing
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Nancy Liberatore
Broker-Owner