List Price: $745,000 | $151 per sq.ft. Multi Family A 8 Unit Multi Family Home
With 2 One Bedroom Units , 2 - Two Bedroom Units ,4 - Three Bedroom Units
Date Listed Friday Apr 25, 2025 | MLS# 5037977
With 2 One Bedroom Units , 2 - Two Bedroom Units ,4 - Three Bedroom Units
Date Listed Friday Apr 25, 2025 | MLS# 5037977
To see this Listing
Address: 29 Canal Street Brattleboro VT
Listed by Michael Gilman 3GEN Real Estate Inc
Description:
High cash flow 100% occupied 8 unit located in downtown Brattleboro. This property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income estimated at north of ~$80K (12% cap without management fees). The property features an attractive mix of unit types and sizes including 4x rarely available oversized 3br, 2x2br and 2x1br A new owner can step into to this turnkey investment, projected to yield a ~19% cash on cash return starting year 1 based on current numbers. This allows an investor to realize returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 8-plex in the heart of vibrant and growing Brattleboro at an attractive valuation. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Annual Expenses
Taxes: $8,106
Taxes: $8,106
Income
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1150.00 Monthly
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1000.00 Monthly
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Rent : 1450.00 Monthly
UNIT 4 INFORMATION
Beds: 2
Baths: 1
Rent : 1300.00 Monthly
UNIT 5 INFORMATION
Beds: 3
Baths: 1
Rooms: 0
Rent : 1450.00 Monthly
UNIT 6 INFORMATION
Beds: 3
Baths: 1
Rent : 1950.00 Monthly
UNIT 7 INFORMATION
Beds: 3
Baths: 1
Rooms: 0
Rent : 1950.00 Monthly
UNIT 8 INFORMATION
Beds: 3
Baths: 1
Rooms: 0
Rent : 1650 Monthly
Construction: Wood Frame
Year Built: 1900
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 6576
Above Grade Sq.Ft.: 4932
Basement: Unfinished
Foundation: Stone
Year Built: 1900
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 6576
Above Grade Sq.Ft.: 4932
Basement: Unfinished
Foundation: Stone
Roof: Membrane
Seasonal: Unk
Seasonal: Unk
Heating: Oil
Cooling: None
Electric: 200 Amp
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: 200 Amp
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
In Town
Lot size: 0.09 acres
Zoned: MU)
Surveyed: Unk
Flood Zone: No
Road Frontage: 63
Driveway: Gravel
In Town
Lot size: 0.09 acres
Zoned: MU)
Surveyed: Unk
Flood Zone: No
Road Frontage: 63
Driveway: Gravel
Additional Information
Taxes $8,106
Assesed Value Not Reported
Taxes $8,106
Assesed Value Not Reported
Schools
