14 First Street Swanton, Vermont 05488 MLS# 4875225

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Sold Status

$550,000 Sold Price

Multi Type

9 Beds

6 Baths

6,976 Sqft

Listed By Steve Rocheleau of Rocheleau Realty Associates of Vermont
Sold By Preferred Properties

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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 Location

14 First Street Swanton

Property Details

Essentials

Sold Price $550,000		Sold Date Oct 8th, 2021
MLS# 4875225	Bedrooms 9	Garage Size 0 Car
List Price 549,000	Total Bathrooms 6	Year Built 1990
Type Multi-Family	Lot Size 0.2500 Acres	Taxes $11,308
Units 6	Stories 2	Road Frontage 80
Annual Income $72,030	Style Apartment Building, Colonial	Water Frontage
Annual Expenses $0	Finished 6,976 Sqft	Construction No, Existing
Zoning Neighbor Commercial	Above Grade 4,656 Sqft	Seasonal No
Total Rooms 9	Below Grade 2,320 Sqft	List Date Jul 29th, 2021

Expenses

Gross Income $72,030	Operating Expenses $0	Net Income $39,430

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $1,000/Monthly	Unit 2 2 Beds, 1 Baths, $1,165/Monthly
Unit 3 2 Beds, 1 Baths, $1,190/Monthly	Unit 4 2 Beds, 1 Baths, $1,190/Monthly
Unit 5 1 Beds, 1 Baths, $550/Monthly	Unit 6 1 Beds, 1 Baths, $825/Monthly

Building

ConstructionWood Frame
BasementWalk-up, Apartments, Concrete, Daylight, Locked Storage Space, Finished, Interior Stairs, Full, Stairs - Interior, Storage - Locked, Interior Access, Exterior Access
Interior Features
Exterior Features

Exterior Vinyl Siding	Disability Features
Foundation Concrete	House Color White
Floors	Building Certifications
Roof Shingle-Architectural	HERS Index

Property

DirectionsI-89 to Exit 21, Left on Rte 78. Property on the left just before the intersection of First St. and Grand Ave. (US Rte 7).
Lot Description, Level, City Lot, Sidewalks, Street Lights
Garage & Parking No, ,

Road Frontage 80	Water Access
Driveway Paved	Water Type
Flood Zone No	Water Body
Zoning Neighbor Commercial

Schools

School District Franklin Northwest	Middle Missisquoi Valley Union Jshs
Elementary Swanton School	High Missisquoi Valley UHSD #7

Utilities

Heat Fuel	Excluded
Heating/Cool None, Baseboard, Hot Water	Negotiable
Sewer Public Sewer On-Site	Parcel Access ROW
Water Public Water - On-Site	ROW for Other Parcel
Water Heater Off Boiler, Off Boiler	Financing
Cable Co Xfinity	Documents
Electric Circuit Breaker	Tax ID 639-201-10803

† The remarks published on this webpage originate from Listed By Steve Rocheleau of Rocheleau Realty Associates of Vermont 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.