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 businessesâ??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 youâ??re looking to expand your investment portfolio or create a home and business space all in one, this is a unique opportunity you wonâ??t want to miss.
Castleton Multi Family Complex - Great investment opportunity. 6 Units includes 2 outbuildings - Plenty of parking. Figures available to qualified buyers. Walking distance to Vermont State University Castleton and near area ski slopes. Just minutes to Lake Bomoseen.
LAKE BOMOSEEN DUPLEX - TWO HOUSES WITH INCOME: 1930 Southern house has original frame, but house was totally renovated in 1989 and Northern house was built. Southern house has 4-bedrooms, 2 1/2 baths and Northern house has two 1-bedroom apartments. New electrical, plumbing, insulation, etc. In 2024, houses were stained. Also, includes storage room between the houses and a storage shed near the Southern house. Decks and windows invite western sunsetviews. Views across the lake include Slate Mountain, with minimal development. This is a perfect opportunity to live in 1 house and rent the other house or two families could purchase together. The 166' of generous lakefront is great for swimming and water is clear at shoreline. Close to Amtrak, restaurants, Community Healthcare, Drugstore, Vermont State University, Skiing, Rutland, Middlebury and New York. Call for an appointment to see this unique income-producing lake property!
AN OFFER DEADLINE DUE DATE HAS BEEN SET FOR TUESDAY 11/11 AT 12PM ~ Side-by-side duplex just half a mile from Castleton University and minutes to Lake Bomoseen. This two-unit investment property sits on a 0.46-acre corner lot with public water, public sewer, and ample parking. Each unit has its own front entrance, open kitchen, living space and two bedrooms with a full bath upstairs. Together they offer about 2,550 square feet of finished space. Exterior updates include a standing seam metal roof and vinyl siding. High-speed reliable Xfinity internet to appeal to student and remote-working tenants. Perfect for house hackers, first-time landlords, or those seeking a college rental property near Castleton University. The location offers strong demand from students, faculty, and local professionals, with quick access to Route 4, Rutland Regional Medical Center, and Killington skiing. Whether you're seeking a duplex for sale or a starter investment property with separate utilities and private entries this home is a well-positioned opportunity.
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.
