Price Reduced 2.18%
Listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate Phone: 802-253-7358
Price History
$4,595,000
6/25/2024
$4,495,000
9/5/2024
73 South Main Street, Waterbury, VT, 05676
0 beds
20 Full baths
2004
Apartment Building, Multi-Family
16,578 sqft
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 investment—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.
Status:
Active
Type:
Multi-family
Units:
20
Zoning:
Downtown Comm
Heating:
Propane, Baseboard, Hot Water
Cooling:
None
Basement:
Unfinished
Parking:
Off Street
Acreage:
0.86
Est. Taxes:
$45,925
Lot Description:
City Lot,Condo Development,Level,Major Road Frontage,Sidewalks,In Town,Near Shopping
School District:
Washington
MLS #:
5002132