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Springfield VT 05156 Multi Family for sale $List Price is $290,000

List Price is $290,000 Springfield VT 05156 Multi Family for sale

Number of Units 4   
Immaculate 4plex located in a desirable quaint residential Springfield neighborhood with a NOI north of $32K and listed at over a 10% cap rate. Featuring spacious 4x1br, this building has been recently renovated and updated, and one unit has been left vacant for a potential owner occupancy and to facilitate showings. A new owner can step into to this turnkey investment, projected to yield over a 19% cash on cash return (90% financing assumed ) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Some rents are significantly under market and can be raised to market to achieve over a 30% cash on cash return. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
See MLS Property & Listing Details & 13 images. Listed by Michael Gilman | 3GEN Real Estate Inc
Springfield VT 05156 Multi Family for sale $List Price is $324,000

List Price is $324,000 Springfield VT 05156 Multi Family for sale

Number of Units 5   
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. PRICE IS NEGOTIABLE FOR CASH OFFERS AND QUICK CLOSING!
See MLS Property & Listing Details & 7 images. Listed by Don Chabot | Town and Country Realty
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