138 Main St, Springfield, VT 05156

Remodeled 3 units all fully leased on 1 year leases. Approximately $46,200 annual gross income and approximately $16,000 annual expenses including taxes, insurance, heating, utilities and 10% professional property management fees. Approximately $30,000 NOI and a 9% Capitalization Rate! Great cash flow! Historic home Known as the David M. Smith Home. Inventor of the wooden spring loaded clothespin! Victorian era home in central downtown. Legal mixed use residential/commercial usage zoning. Great business location next door to the US Post Office. Very private at night... No neighbors live on either side of this house to disturb you at night. Single family converted to Triplex to code with permits. This property was last used as an office space and residential and is now set up as Three residential units. All work was done with permit and to code. Upstairs apartments are a 1 bedroom and a 2 bedrooms. Main downstairs 2 bedroom unit has a sun room, large office/den/library with a full kitchen and built in dishwasher, electric range adjoining the large dining room/family room. 1 and a 1/2 bathrooms on main floor. Property has great cash flow and fully professionally managed. A turnkey property! Huge cash flow of approximately $30k NOI. All work was done to code and with permit. New oil furnace works great. Most baseboard heaters are new. Huge partially finished basement with much of the floor concrete. Brand new carpeting or original hardwood floors throughout. Almost all windows have been upgraded with energy efficient dual pane glass for low heating costs. 2 electric meters, 1 water meter. Property is sold "As Is" by Limited Warranty Deed with right to inspect. No property disclosure as owner has not occupied the home. Buyers are urged to verify all information. Fabulous 200 year Slate roof. Four single car garages with individual garage doors. This historic home was once owned by David M. Smith the inventor of the wooden spring clothespin. He held over 50 other patents. Very private location. Just renovated. Brand new carpets, new electrical panel, new oil burner furnace, added dishwasher. Approximately 7 car parking plus the 4 garages. Monthly rents: $950, $1,000, $1500 & $200 for garages. Also one one tenant was given $200/month discount to be the handyman/landscape/maintenance man which equals $2,400 that isn't included in the GSI. Including would give a total of $46,200 GSI. The renovations have all been done to code and with permits.