Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358
Active
73 South Main Street
Waterbury VT, 05676
$4,495,000
$271.14 per sqft
Active
16,578 sqft
Multi-family
Built in 2004
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.
5002132
MLSⓇ ID
June 25, 2024
Listed
September 5, 2024
Updated
Map
73 South Main Street
Waterbury VT, 05676
Interior Features
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Hot Water, Gas - LP/Bottle
Exterior/Building Features
Lot Size
0.86 Acres
Lot Features
Historic District, In Town, Near Shopping, Village
Roof
Metal
Sewer
Public
Other Property Details
Area Name
VT-Washington
Taxes
$45,925
Tax Frequency
Annually
Days on Market
72
Garage
No
Parking
Off Street
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/5/2024 | Price change | $4,495,000 -3% |
Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358
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