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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$179,000

MLS# 5047698
1492 sq.ft. Bedroom | 0 Bathroom
Multi Family
60 School Street Plainfield VT 		 
$179,000 | $120 per sq.ft. | MLS# 5047698 A 2  Unit Multi Family Home, 60 School Street Plainfield VT With 2 - Two Bedroom Units

Description:
Unlock a rare cash-flowing duplex investment in Plainfield, Vermont with long term tenants already in place for each unit and immediate income potential. Photos show one unit vacant. This well-maintained multi-family property presents an exceptional opportunity for investors seeking strong returns in the Vermont rental market, or for owner-occupants looking to offset a majority of their mortgage while building long-term wealth through real estate.The building features two spacious 2-bedroom, 1-bath apartments in an efficient upstairs/downstairs layout. Each unit offers a comfortable and functional floor plan with generous natural light, warm wood trim, large eat-in kitchens, and spacious living areas. The primary bedrooms include oversized closets with built-in shelving, providing excellent storage for tenants. Both apartments enjoy private balconies overlooking the scenic Winooski River and surrounding greenery, adding desirable outdoor space and attractive views. Flood insurance annual premium currently paid is $2530. One of the most compelling aspects of this property is its stable income stream, with long-term tenants already in place, offering consistency and likely reduced turnover for the next owner. With a projected 12% capitalization rate, this property stands out as an exceptional investment opportunity in Vermont. Outside, provides convenient off-street parking. The property is located just steps from Plainfield's charming Main Street, with easy access to local shops, cafés, and community amenities. The location also offers quick access to Barre, Montpelier, and 50 minutes to the Burlington area. Whether you're looking to expand your real estate investment portfolio, secure a high-yield Vermont rental property, or house-hack with rental income, this duplex checks all the boxes: strong cash flow, desirable location, cosmetically updated, long-term tenants, and excellent return potential. 48 hour notice is required for any showings. Appliances : Electric Water Heater | Tank Water Heater

Annual Expenses
Taxes: $2,788 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 746
Level: 1
Tenant Pays : Electric,Internet Service
Rent : 1550.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 746
Level: 2
Tenant Pays : Electric,Internet Service
Rent : 1450.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Exterior Color Yellow | Price Per SQ.FT. 119.97 | Year Built: 1890
 LAND DESCRIPTION: LOT DESCRIPTION: River Frontage
Avail.Sq.Ft.: 2
Livable Space: 1492
Above Grade Sq.Ft.: 1492
Below Grade Sq.Ft.: 0
Heating: Propane | Direct Vent
Cooling: None
Electric: Circuit Breaker(s)
Style: Duplex
Roof: Metal
Water: Public
Sewer: Public
Lot size: 0.1 acres
Zoned: Residential
Surveyed: Unk
Flood Zone: Yes
Seasonal: No
Road Frontage: 121
Driveway: Common/Shared | Crushed Stone
ADDITIONAL INFORMATION
Docs Available : Deed
Taxes $2,788  | Assesed Value $0 in
SCHOOLS
School District: Twinfield USD 33
Elementary School: Twinfield Union School
Middle School: Twinfield Union School
High School: Twinfield USD #33
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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