6519 VT ROUTE 30 TOWNSHEND, VT 05353

Features

• Price/sqft: $126
• Lot Size: 112385 sq. ft.
• Total Units: 6
• Total Rooms: 11
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Heating: Baseboard,Wall Unit

Facts

• Year Built: 01/01/1950
• Property ID: 857182631
• MLS Number: 4975950
• Parcel Number: (205) 000004057000
• Property Type: Multi-family (5 or more units)
• County: WINDHAM
• Legal Description: LAND & BLDGS
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Rarely available investment opportunity with assumable low cost debt consisting of a single family house and 5 cabins on over 5 acres in scenic Townshend, Vermont. Centrally located between Stratton Ski Resort, Mt. Snow and Brattleboro, these units are poised and ready for turn-key take over. 5 of the 6 homes are either new construction or gut renovated in the last year by the owner. Properties can also be used as short term rentals given proximity to some of Southern Vermont's finest recreational opportunities. The property is being sold at an 10% cap valuation, and the buyer can assume low cost fixed rate bank debt at 5.6% with a 10 year fixed term. The large lot has its own septics and wells to support all 6 units that include the large 2-bedroom, 2-bathroom main house alongside five charming cabins. The main house is large and open, with an inviting deck and tons of lawn space. The main house could be used as a primary residence, or as a long term or short term rental. The charming cabins, complete with private bathrooms, kitchenettes, and outdoor seating areas, provide the opportunity for significant long term and/or short-term reliable high rental income, in this sought-after Vermont location. Tenants pay their own utilities keeping income reliable and will allow the new owner to avoid the costs of ever increasing utility prices. The seller can also sell the adjacent lot with six additional multifamily units, all renovated to the highest standards.