3180 Franklin St - Apartments FOR SALE


Sudbury, VT 05733
$895,000 USD
802-552-6564
3180 Franklin St, Sudbury, VT for Sale
$895,000 USD
Apartments - FOR SALE
1/14
null | 9.16% Cap Rate

3180 Franklin St
Sudbury, VT 05733


OVERVIEW

Rare opportunity to own one of the larger buildings in the charming artisan town of Brandon, VT. This turnkey 10-unit property has an annualized NOInorth of $80K, consists of an 8plex (8x1br) and Duplex (2x2br) on one tax lot. This building provides outstanding cash flow, with significant upside on rents based on existing and legacy leases per rent roll. Units and buildings have been meticulously cared for and renovated. A new owner can step in to enjoy the high cash flow and low maintenance expenses. The duplex in the back and the larger 8plex have had updates and renovations across all units. This low maintenance and energy efficient property features its own well and septic and individualized propane heaters per unit. All of these updates and features help keep annual costs lower than the average multifamily and saving the owner from the ever-increasing inflationary pressure across expense line items. The property is available as a package with other buildings across VT for a buyer looking for a larger portfolio. Listing broker is also Manager of the LLC that owns the property.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

10

PRICE/UNIT

$89,500

CAP RATE

9.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beaumont Woods

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.06 AC

LAND SF

176,854 SF

ZONING

-

APN/PARCEL ID

078-024-10090

ASK ABOUT THIS PROPERTY

Michael Gilman3Gen Real EstateMore Info
802-552-6564

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Michael Gilman3Gen Real EstateMore Info
802-552-6564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.