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$358,000 List Price
Multi Type
10 Beds
5 Baths
2,888 Sqft
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Washington County
Great investment opportunity in the quaint and historic village of Plainfield. This 5-unit apartment building offers two 1-bedroom units, two 2-bedroom units and a 4-bedroom unit. This will be a great addition to your portfolio with monthly rents of $1495, $875, $1095, $1200 and $925. Expenses of $20,000 for a net operating income of over $46K per year and a cap rate of 12%, based on the current rent roll and expenses. All units have separate utilities, and the property has low expenses with no lawn to mow, no lot to plow and public parking available for tenants. This property is conveniently located within walking distance to the village center, where you can find shops, restaurants, library and post office. Easy to commute to Montpelier and Barre. Don’t miss this opportunity to own a piece of Vermont’s history and charm! †
Property Location
Property Details
| MLS# 4988683 | Bedrooms 10 | Garage Size Car |
|---|---|---|
| List Price 358,000 | Total Bathrooms 5 | Year Built 1890 |
| Type Multi-Family | Lot Size 0.0800 Acres | Taxes $4,598 |
| Units 5 | Stories 1/2/1900 | Road Frontage 49 |
| Annual Income $67,000 | Style | Water Frontage |
| Annual Expenses $0 | Finished 2,888 Sqft | Construction No, Existing |
| Zoning Village District | Above Grade 1,900 Sqft | Seasonal No |
| Total Rooms 10 | Below Grade 988 Sqft | List Date Mar 20th, 2024 |
| Gross Income $67,000 | Operating Expenses $0 | Net Income $47,000 |
|---|
| Expenses Includes |
|---|
| Unit 1 2 Beds, 1 Baths, $1,495/Monthly | Unit 2 1 Beds, 1 Baths, $875/Monthly |
|---|---|
| Unit 3 1 Beds, 1 Baths, $1,095/Monthly | Unit 4 4 Beds, 1 Baths, $1,200/Monthly |
| Unit 5 2 Beds, 1 Baths, $925/Monthly |
| Construction |
|---|
| BasementWalkout, Full, Finished, Walkout |
| Interior Features |
| Exterior Features |
| Exterior | Disability Features |
|---|---|
| Foundation Stone | House Color Tan |
| Floors | Building Certifications |
| Roof Slate, Shingle-Architectural | HERS Index |
| DirectionsFrom Route 2, turn on to Main St in Plainfield Village, property is on the left. |
|---|
| Lot Description |
| Garage & Parking No, On Street |
| Road Frontage 49 | Water Access |
|---|---|
| Driveway None | Water Type |
| Flood Zone Yes | Water Body |
| Zoning Village District |
| School District Caledonia Central | Middle Twinfield Union School |
|---|---|
| Elementary Twinfield Union School | High Twinfield USD #33 |
| Heat Fuel , Gas-Lp/Bottle | Excluded |
|---|---|
| Heating/Cool None, Direct Vent | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water | ROW for Other Parcel |
| Water Heater | Financing |
| Cable Co | Documents Deed, Tax Map |
| Electric Circuit Breaker | Tax ID 483-152-10506 |
† The remarks published on this webpage originate from Listed By Michelle Hebert of William Raveis Barre via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.
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