INVESTMENT PROPERTY, with two 4 BR's apts. and one 1 BR's apt. Walk to town locations. Gross rent, $43,140.00, total expenses $19,992.00, net $23,140.00. Current cap rate is 12.5. Requires a minimum of 48-hour notice to show.
Back on the market with many new updates including a new roof, new furnace, refinished bathroom with all new fixtures, fresh paint throughout the inside, and more! This home is perched high on Clinton St. with views of the Black River across the street, and conveniently located near downtown shopping, groceries, movies, and restaurants. 1st floor has 2 bedrooms, a "bonus room", full bathroom, laundry hookup, kitchen with dishwasher, and living room. The 2nd floor apartment is a 1 bedroom, with 3/4 bathroom, plus kitchen and living room. The two units have separate electric meters and hot water heaters, with a shared forced hot air furnace / propane. This home could is also listed as a single-family residence as it could easily be converted back into one - see MLS #5020725
ATTENTION INVESTORS 5 UNITS PLUS 3 GARAGE SPACES. 3- 2 BR's, 1- 3 BR's UNIT and 1- 1BR's UNIT. ACTUAL CAP RATE 11.55%, PROFORMA CAP 14.29%. SHOWING APPOINTMENTS REQUIRE 48 HOUR NOTICE TO TENANTS.
3 unit building with a large 3 bay barn/garage. Nice level corner lot near the Springfield hospital and elementary school. Close to the shopping center.
Open House on September 7 from 12 - 2 PM. On the corner of Union St. and Craigue Hill Rd in the charming town of Springfield, VT, this versatile duplex is a prime investment opportunity. Featuring two spacious 2-bedroom apartments each with a separate bonus room, separate electric meter and fully applianced kitchens, this home offers both comfort and convenience. The units are currently rented to reliable tenants, providing immediate income stability. A bonus studio office space separate from the two units, adds flexibility for work-from-home needs or potential additional rental income. The property has an easy-access paved flat driveway with a large parking area, ensuring easy parking for tenants and visitors alike. A newly installed roof (just 2 years old) and several recent updates enhance the property's appeal and reduce future maintenance concerns. With all utility costs and recent improvements readily available and tenants already in place, this is a turnkey investment in a desirable location. Donâ??t miss out on this opportunity to own a well-maintained property in Springfield!
Motivated Seller! Welcome to this charming multi-family gem thatâ??s just waiting for its newest residents or an investor looking to capitalize on a fantastic rental opportunity! This property offers six cozy bedrooms and two well-appointed bathrooms, providing ample space for comfort and privacy. Nestled in the heart of a community-rich neighborhood, the house is merely a stoneâ??s throw from Springfield High School, ideal for families valuing education within walking distance. For outdoor enthusiasts or those who fancy a picnic, Springfield Parks & Recreation offers lush greenery and well-maintained facilities less than half a mile away. Health concerns? Fear not! Springfield Hospital is just around the corner ensuring peace of mind for both routine check-ups and unexpected needs. This residence touts itself as a turnkey solution with excellent net income potential. For those with a visionary eye, the layout allows for a transformation into a single-family residence, offering flexibility depending on your needs. The promise of quality construction here means fewer headaches down the road, allowing more time to enjoy the nearby perks or simply revel in the quiet ambiance of the neighborhood. This multi-family home isnâ??t just a place to live; itâ??s a launchpad for lifestyle opportunities. Whether youâ??re looking to nestle into a new family home or seeking a smart investment, look no further. Ready, set, thrive!
Springfield is located in Vermont. Springfield, Vermont has a population of 9,089. Springfield is less family-centric than the surrounding county with 18.67% of the households containing married families with children. The county average for households married with children is 26.01%.
The median household income in Springfield, Vermont is $57,160. The median household income for the surrounding county is $63,787 compared to the national median of $69,021. The median age of people living in Springfield is 51 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 44 inches per year, with 67.4 inches of snow per year.
