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!

Listing courtesy of Michelle Hebert of William Raveis Barre: ?



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Data Last Updated: 2024-05-04 05:00 AM UTC