Nestled in the historic district of downtown Waterbury, Vermont, this duplex presents a unique investment opportunity, especially appealing for those looking for reliable rental income in a picturesque setting. Boasting a prime location, the property is within a block of main street amenities, including shops, restaurants, and outdoor recreational areas. Each unit features spacious living areas, modern amenities, new Rinnai heaters, and a cozy atmosphere to appeal to a wide range of tenants. There is a two bedroom unit on the first floor and a three bedroom unit upstairs. The first floor unit has been remodeled and will be vacant at the end of September â?? a great opportunity to owner-occupy! The second floor unit has long-term tenants. As Waterbury continues to grow in prominence as a destination for both tourists and residents alike, this property offers a promising avenue for both investment and community engagement.
Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investmentâ??the projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.
Waterbury is located in Vermont. Waterbury, Vermont has a population of 5,117. Waterbury is less family-centric than the surrounding county with 25.33% of the households containing married families with children. The county average for households married with children is 26.36%.
The median household income in Waterbury, Vermont is $65,750. The median household income for the surrounding county is $60,602 compared to the national median of $57,652. The median age of people living in Waterbury is 40.9 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 8.2 degrees. The average rainfall is approximately 46.7 inches per year, with 114.4 inches of snow per year.
