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Waterbury,VT 05676
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,578 sqft
Price per Sqft $271
MLS Listing ID 5002132
Construction Status Existing
Year Built 2004
Annual Tax Amount $45,925
Tax Year 2024
Lot Size 0.860 Acres
Acres 0.86
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.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Downtown Comm
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Heating Gas - LP/Bottle
Cooling None
Basement Type Unfinished
Exterior
Garage Description Off Street
Utilities Available Cable,Underground Utilities
Roof Type Metal
Building
Story 2
Foundation Concrete,Slab - Concrete
Sewer Public
Construction Status Existing
Schools
School District Washington