50-52 Gorham Bridge Road Proctor, VT
$325,000
Beds 5
Square Footage 3,294
Acres 0.68
Description
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.
Listed by 3GEN Real Estate Inc, Michael Gilman
Details
MLS 5013870
Price $325,000
Status Pending
DOM 94 days
Type Multi-Family
Style Multi-Family
Beds 5
Square Feet 3,294 sqft
Lot Size 0.68 acres
Year Built 1920
Taxes Paid $3,669
Lot & Building Features
Utilities Cable
Construction Wood Frame
Cooling None
Heating Baseboard
Sewer Public
Tax Year 2023
Taxes Paid $3,669
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description View
Roof Shingle - Asphalt
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 4 Baths 1
Unit 4 Bedrooms 1
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.