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Listed by Michael Gilman • 3GEN Real Estate Inc
$ 220,000
Est. payment /mo
New
30 Union ST Springfield, VT 05156
5 Beds
3 Baths
2,655 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,655 sqft
Price per Sqft $82
MLS Listing ID 5053938
Bedrooms 5
Full Baths 3
Construction Status Existing
Year Built 1940
Annual Tax Amount $2,274
Tax Year 25
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28,000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44,000 A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning Residential
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Cape
Construction Status Existing
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