Multi-Family for Sale: 3180 Franklin Street, Brandon, VT 05733

10 full baths
7,700 sqft
$895,000
$895,000
3180 Franklin Street, Brandon, VT 05733
10 full baths
7,700 sqft
$895,000
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Price:
$895,000
$55,000 - 07/10/2024

Type Multi-Family
Style Apartment Building, Multi-Family, Duplex, Contemporary
Total Baths 10 full baths
Square Feet 7,700 sqft
Lot Size 4.06 acres
Year Built 1973
Taxes Paid $12,453

City Brandon
County Rutland

MLS 5001797
Status Pending
DOM 77 days
Listed by 3GEN Real Estate Inc, Michael Gilman
Rare opportunity to own one of the larger buildings in the charming artisan town of Brandon VT. This high cashflow turnkey 10 unit property is being sold at a 10% cap, with an annualized NOI north of $80K, and consists of a 8plex (8x1br) and Duplex (2x2br) on one tax lot. The property is projected to yield over a 12% annual cash on cash return at current financing rates, and significant upside at sale. Situated on secluded lot away from the main road, with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. There is also significant upside on rents based on existing and legacy leases per rent roll. Additional value can be added by subdividing the lots and selling the properties individually at exit. Units and buildings have been meticulously cared for and renovated, and held under the same ownership for a decade. A new owner can step in to enjoy the high cash flow and low maintenance expenses The duplex in the back of the property has been fully gut renovated, and the larger 8plex has had updates and renovations across most units. This low maintenance and energy efficient property features its own well and septic, as well as individualized propane heaters per unit - keeping annual costs lower than the average multifamily. Please download the OM for more information. Property is available as a package with other buildings across VT for a buyer looking for a larger portfolio. Listing Broker owns the property.

Lot & Building Features

Utilities Cable, Phone, Other
Construction Timber Frame, Vinyl Siding
Cooling None
Heat Source Other
Heating Forced Air
Sewer Septic
Taxes Paid $12,453
Water Dug Well
Basement Description Concrete Floor, Dirt Floor, Crawl Space
Foundation Concrete, Slab - Concrete
Lot Description Country Setting, Mountain View, Hilly
Roof Flat, Shingle - Asphalt, Membrane
Garage No

Price History of 3180 Franklin Street, Brandon, VT

Date Name Price Difference
07/10/2024 Price Adjustment $895,000 5.79%
06/21/2024 Listing Price $950,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3180 Franklin Street, Brandon, VT

Location Map Street View
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3180 Franklin Street (MLS #5001797) is a multi-family listing located in Brandon, VT. This multi-family listing is 7,700 sqft and on a lot of 176,854 sqft (or 4.06 acres) and is 51 years old. This property was listed on 06/21/2024 and has been priced for sale at $895,000.

Nearby zip codes are 05735, 05737, 05744 and 05763. This property neighbors other cities such as Chittenden, Hubbardton, Leicester and Pittsford.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 3GEN Real Estate Inc

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, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 09/07/2024