Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an â??as isâ?? 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ 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. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property
Investors take notice! This property includes a four unit home and a three bedroom house with two garage on 0.47 acres. Two of the units have private backyards. Four unit building includes a vacant one bedroom that has been recently updated, a 3 bedroom and two 2 bedroom units. The separate house is a 3 bedroom above a garage. All tenants are month to month. Located in beautiful Proctor!
Welcome to this charming side by side duplex located in the heart of Proctor, VT. This well-maintained property offers the opportunity for both homeownership and investment. Each apartment features three bedrooms, 1 bathroom, a comfortable living room, and a cozy eat-in kitchen. Enjoy the quintessential Vermont experience with screened-in front porches on both sides. The home is nestled on a generous .56 acre lot, adorned with vinyl siding for easy maintenance and a timeless appeal. Proctor offers a town pool, garbage pick up and a town skating rink. The duplex offers proximity to local amenities, Killington and Pico as well as the lakes region. Don't miss out on the opportunity to own a piece of Proctor's inviting atmosphere and potential for dual residency or rental income. Schedule your showing today and envision the possibilities that await in this delightful duplex property.
Franklin's has been a staple of this community for years! Boasting food, friends, and fun, this family owned restaurant is open 7 days a week and the tables are filled each and every day. Year round, this well known restaurant sees regular customers from all over the state and beyond. In addition, the VAST trails lead right to Franklin's so snowmobilers come from far and wide and fill the restaurant and bar throughout the winter. Franklin's sits on a 5.66 acre lot and offers lots of parking. The dining room features a 72 seat occupancy with 15 seats at the bar. The pool table is a great feature for patrons to enjoy while sipping on drinks and eating great food with friends and family. The kitchen has had many upgrades and improvements in the last several years. In addition to the restaurant, there are two residential apartments on the 2nd floor. There is one two bedroom apartment and a one bedroom apartment. The one bedroom apartment has brand new laminate wood flooring throughout the apartment and the two bedroom will also have laminate wood flooring installed asap. Both apartments are currently occupied and provide another form of income for the owners. The sale includes all inventory and equipment and furniture. It is quite literally a turn key business! This is a great property with multiple income opportunities. This property is also listed as a commercial listing under MLS # 4979428
Proctor is located in Vermont. Proctor, Vermont has a population of 1,668. Proctor is less family-centric than the surrounding county with 21.77% of the households containing married families with children. The county average for households married with children is 23.69%.
The median household income in Proctor, Vermont is $61,675. The median household income for the surrounding county is $52,635 compared to the national median of $57,652. The median age of people living in Proctor is 46.3 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 7.9 degrees. The average rainfall is approximately 44.4 inches per year, with 72.9 inches of snow per year.
