Active
  • Listed by: 

    Michael Gilman,

    3GEN Real Estate Inc 802-227-7327

    $220,000

    30 Union Street, Springfield, VT 05156

    5beds
    3baths
    2,655sqft
    : 
    Multi Family
    Built in 1940
    -- sqft lot
    $220,100 Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28,000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44,000 A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.
    5 days
    on Zillow
    |
    210
    |
    7
    |
    • Loading
    • Loading