Listing courtesy of Michael Gilman, 3GEN Real Estate Inc Phone: 802-227-7327
50-52 Gorham Bridge Road, Proctor, VT, 05765
5 beds
1920
Multi-Family
3,294 sqft
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ 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. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
res
Heating:
Baseboard
Cooling:
None
Basement:
Unfinished
Acreage:
0.68
Est. Taxes:
$3,670
Lot Description:
View
MLS #:
5013870