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2137 Route 30 North

Castleton VT 05732

14090 sq. ft.
297950 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

This property is part of 28 units package, could be purchased all or two 14 unit packages, please see MLS # 5067282, total price for all 28 units is $2,450.000 Great investment opportunity, Well maintained property in Castleton (Bomoseen) this property consists of two buildings, Front building with 10units consists of five 2 bedrooms , Three 1 bedrooms , One 3 bedrooms and an Efficiency unit, Back building is 4 units (town home styles)2 stories each unit all four are 2 bedroom units. Total of 14 units , Sits on a large parcel over 6.8_+Acres near lake bomoseen and conveniently on route 30 but buildings are far enough from the road, Plenty of parking , Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $213,156 A year With expenses just around $67,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above12% , 11 units are occupied currently the other 3 are in transition .3 Heating boilers service the front building and two boiler Services the back building.

Features

14090 sq. ft. floor area
297950 sq. ft. lot size
Multi-Family

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Local market activity for multi families in Castleton

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