Centrally located renovated Bennington duplex, with backyard and garage. This duplex can generate an annual net operating income of ~$23k+ at current numbers (~10.5%), producing robust returns from cash flow and not speculation! Owner performed renovations since acquiring, including to heating systems, plumbing, and gut renovation of the upstairs 2br (currently rented for $1,400). Unit 1 on the ground floor is spacious 3br ~1,250 square feet with backyard access, eat in kitchen, desirable layout, and would make a perfect owners' unit if the intention is to owner occupy and cover your mortgage and make extra income (current rent is $1,709 and tenant is on a month-to-month lease). his is a significant opportunity to acquire in-demand housing in Bennington ahead of the historic $54million Bennington Highschool mixed use redevelopment down the street (one of the largest redevelopments in state history), and the start of a falling rate environment that should lead to organic price appreciation independent of the strong cash flow. Listing Broker is a member of the LLC selling the property.
Active
Listed by:
Michael Gilman,
3GEN Real Estate Inc 802-227-7327
$215,000
317 Pleasant Street, Bennington, VT 05201
5beds
2baths
2,201sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$204,100 Zestimate®
$98/sqft
$-- HOA
What's special
Backyard accessDesirable layoutEat in kitchen
- 26 days |
- 727 |
- 38 |
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