Mad River Valley Real Estate
73 South Main Street, Waterbury, VT
List Price: $4,595,000
Bedrooms:
Bathrooms: 0
Sq. Ft.: 22691
Acres: 0.86
Mad River Valley Real Estate
5513 Main St, Waitsfield, VT 05673
Phone: 802-496-5000
Email: info@mrvre.com
Website: www.mrvre.com
Property Description
Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investment?the projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.
Property Details
Basic Information
- MLS Number:
- 5002132
- List Price:
- $4,595,000
- Bathrooms:
- 0
- Virtual Tour:
- View Virtual Tour
Location
- Street:
- South Main Street
- Building Number:
- 73
- City:
- Waterbury
- State:
- VT
- Zip:
- 05676
- County:
- Washington
- School District:
- Washington
Property
- Acres:
- 0.86
- Lot Description:
- City Lot,
Condo Development,
Level,
Major Road Frontage,
Sidewalks
- Zoning:
- Downtown Comm
- Driveway:
- Paved
- Roads:
- Paved,
Public
- Property Type:
- RI
Building
- Year Built:
- 2004
- Basement:
- Interior
- Foundation:
- Concrete,Slab - Concrete
- Style:
- Apartment Building,Multi-Family
- Construction:
- Wood Frame,Brick Veneer Exterior,Vinyl Siding
- Square Feet:
- 22691
Exterior
- Roof:
- Metal
Utilities
- Electric:
- Circuit Breaker(s)
- Heating Fuel:
- Gas - LP/Bottle
- Cooling:
- None
- Sewer:
- Public
Legal
- Surveyed:
- Yes
Other
- Broker Name:
- Coldwell Banker Carlson Real Estate
- Agent Name:
- Smith Macdonald Group
- Office Phone:
- 802-253-7358
- Status:
- Active
- Latitude:
- 44.334901
- Longitude:
- -72.753964
Photos
Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers; personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/2/2024.
Mortgage calculator source: iHomefinder. Schools info source: GreatSchools. WalkScore source: WalkScore. Market Report Source: iHomefinder with data from PrimeMLS, Inc.