Investors take notice! This well maintained 5 unit apartment building has a cap rate of over 10% and rents have the potential to be increased. Four out of the five units have been renovated in the last five years including flooring, replacement windows and new appliances. A high efficiency propane boiler was installed in 2018. Located on a .64 acre city lot, the building has a large shared backyard as well as three units having separate fenced in outdoor living spaces. Each unit has two off street parking spots. The building has shared coin op washers and dryers as well as separate indoor storage units. All units are occupied with many long term tenants. Currently utilities are included for all units except unit 5 pays for electric. However, unit 5 and 6 have separate heat and electric that tenants could pay.
Listing courtesy of PRIME_MLS / Morgan Medeiros / Casella Real Estate
Last checked:
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Last updated Aug 28, 2023
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MLS# 4942230 —
The Building
Year Built:
1910
Pre-Construction:
No
Construction:
Wood Frame
Construction Status:
Existing
Style:
Multi-Family
Roof:
Metal
Exterior:
Cedar, Vinyl
Foundation:
Concrete, Slab w/ Frost Wall
Total Stories:
2
Total Units:
5
Approx SqFt Total:
7254
Approx SqFt Total Finished:
6,390 Sqft
Approx SqFt Finished Above Grade:
6,390 Sqft
Approx SqFt Finished Below Grade:
0 Sqft
Approx SqFt Unfinished Above Grade Source:
Public Records
Approx SqFt Unfinished Below Grade:
864
Approx SqFt Finished Building Source:
Public Records
Approx SqFt Unfinished Building Source:
Public Records
Approx SqFt Finished Above Grade Source:
Public Records
Interior
Basement:
Yes
Basement Description:
Concrete, Partial, Unfinished
Basement Access Type:
Interior
Room 5 Type:
Leased
Room Dimensions
Room 16 Dimensions:
Storage
Room 21 Dimensions:
1 & 2
Location
Directions:
From intersection of US 7 and Terrill St., 2 1/2 blocks down, on North side of Terrill.
Latitude:
43.609683622130468
Longitude:
-72.968039542327901
The Property
Property Class:
Multi-Family
Seasonal:
No
Lot Description:
City Lot, Landscaped, Level
Lot SqFt:
27,878 Sqft
Lot Acres:
0 Sqft
Zoning:
Unknown
Driveway:
Common/Shared, Gravel
Roads:
Paved
Road Frontage:
Yes
Road Frontage Length:
100 Sqft
Listing Agent
Contact info:
Office phone:
(802) 772-7487
Taxes
Tax Year:
2022
Taxes TBD:
No
Tax - Gross Amount:
$5,459.32
Beds
Bedrooms - Level 4:
5
Bedrooms - Basement:
5
Total 2 Bedroom Units:
3
Baths
Full Baths Size:
0 Sqft
Three Quarter Baths Size:
1 Sqft
Unit 1 Baths:
1
Unit 2 Baths:
1
The Listing
Price Per SqFt:
55.56
Foreclosed/Bank-Owned/REO:
No
Heating & Cooling
Heating:
Baseboard, Hot Water
Heat Fuel:
Gas - LP/Bottle
Water Heater:
Electric, Gas - LP/Bottle
Utilities
Utilities:
Cable - Available, Fiber Optic Internt Avail, Gas - LP/Bottle
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
4/14/23
Apr 14, 2023
Sold
PRIME_MLS
$355,000
-5.3%
2/9/23
Feb 9, 2023
Sold Subject To Contingencies
PRIME_MLS
$375,000
2/2/23
Feb 2, 2023
Listed / Active
PRIME_MLS
$375,000
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Multifamily
Sold
on 4/14/2023
$355,000
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Listing provided by broker:
Morgan Medeiros
Casella Real Estate
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: PRIME_MLS
and Casella Real Estate.
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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.
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Last updated Aug 28, 2023
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