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Courtesy of Michael Gilman of 3GEN Real Estate Inc: .

66-68 South Street

Proctor, VT 05765
  • $395,000
  • STATUS: Pending
  • MLS #: 5013869
Pending
UPDATED: 51 min ago
$395,000
  • 10
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,220
    SQFT
  • $94
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an as is 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property

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© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14T14:07:18.77.
www.judymoynihan.com/homes/155044978
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66-68 South Street Proctor, VT 05765

  • Price: $395,000
  • Status: Pending
  • On Site: Days
  • Updated: 51 min ago
  • MLS #: 5013869
10
Beds
0
Baths
0
½ Baths
0.39
Acres
4,220
SQFT
$94
$/SQFT
1900
Built
County:
Rutland
Area:
Proctor
Property Description
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an as is 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property
Exterior Features

Architectural Style Multi-Family Construction Materials Wood FrameVinyl Siding Driveway Gravel Has Garage No Lot Features Sidewalks Road Frontage Yes Road Frontage Length 100 Roads PavedPublic Roof Shingle - Asphalt

Interior Features

Basement Access Type Walkout Basement Description Full Cooling None Foundation Stone Has Basement Yes Heating BaseboardForced Air Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1

Property Features

Construction Status Existing Electric Circuit Breaker(s) Flood Zone No Foreclosed / Bank Owned / REO No Heat Fuel Oil Pre Construction No Seasonal Unknown Sewer Public Tax Gross Amount 5135.63 Tax Year 2023 Taxes Tbd No Total1 Bed Units 1 Total2 Bed Units 1 Total3 Plus Bed Units 2 Utilities Cable Water Source Public Zoning res

Courtesy of Michael Gilman of 3GEN Real Estate Inc: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14T14:07:18.77.
 
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