Investment Opportunity!! Just outside the campus of Vermont State University this 2-unit multi-family property brings multiple options to consider. Situated on almost a one acre level lot with fencing on three sides this property offers privacy along with convenience. Each unit features 3 bedrooms and 1 bathroom. Current leases in place through May 2027. Easy proximity to everything Rutland County has to offer for all four seasons - Lake Bomoseen, Killington and Pico. Walking distance to downtown Castleton for restaurants and amenities. Detailed financials available.
Motivated Seller!! Prime Location at Castleton Four Corners !! Three buildings offering multiple uses including 3 residential rental units, 1 commercial space and 1 large 32 x 80 storage barn. All units upgraded as rentals changed. Only 1 unit left to renovate with long term tenant. This property offers an excellent investment opportunity with a great return on investment!! Financial statement's available upon request to qualified buyers. Don't let this opportunity pass you buy!!
This property is part of 28 units package, could be purchased all or two 14 unit packages, please see MLS # 5067282, total price for all 28 units is $2,450.000 Great investment opportunity, Well maintained property in Castleton (Bomoseen) this property consists of two buildings, Front building with 10units consists of five 2 bedrooms , Three 1 bedrooms , One 3 bedrooms and an Efficiency unit, Back building is 4 units (town home styles)2 stories each unit all four are 2 bedroom units. Total of 14 units , Sits on a large parcel over 6.8_+Acres near lake bomoseen and conveniently on route 30 but buildings are far enough from the road, Plenty of parking , Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows Gross revenues $213,156 A year With expenses just around $67,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above12% , 11 units are occupied currently the other 3 are in transition .3 Heating boilers service the front building and two boiler Services the back building.
This versatile two-unit mixed use building in a prime Castleton location offers a rare opportunity for both investors and owner occupants. Currently it is a one bedroom apartment with an additional commercial space, but with approval from the town, the property could be converted into a residential multi family, featuring a one-bedroom, one bathroom apartment and a spacious two-bedroom, one-and-a-half-bathroom apartment. The finished basement space provides plenty of storage, making it ideal for tenants or personal use. If you prefer to maintain the property as mixed use, the commercial space is full of potential. Its flexible layout lends itself perfectly to a wide variety of businesses whether you envision it as an office, hair salon, daycare, or another professional use. Located in a prime Castleton location, this property combines visibility, convenience, and long-term potential. Whether you're looking to expand your investment portfolio or create a home and business space all in one, this is a unique opportunity you won't want to miss.
Castleton is located in Vermont. Castleton, Vermont has a population of 4,605. Castleton is more family-centric than the surrounding county with 24.02% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in Castleton, Vermont is $43,257. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Castleton is 35.9 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 9.7 degrees. The average rainfall is approximately 40.7 inches per year, with 66.3 inches of snow per year.
