Listing Tools

Listed by Chris Long of BHG Masiello Brattleboro

6 Unit income property walking distance to downtown Brattleboro VT. The original 1890 structure was completely gut renovated in 1986 taking 1.5 years to complete. The current owner turned an abandoned shell into some of the most pleasant, tasteful and comfortable rentals in town. The building has been relatively maintenance free and attracts very good tenants. The renovation included significant attention to efficiency which equates to lower heat costs and sports a large SOLAR (roof mounted) hot water installed and designed to keep the ongoing costs even lower in the future but has yet to be fully realized. The property offers tenants off-street parking and is next to a beautiful park. Most units have a covered porch. Interior details include: Maple floors, Oak cabinetry in kitchens, raised panel doors and varnished woodwork. On the outside the building has a fresh coat of solid stain, New doors, thermo-pane windows and is in very good overall condition. Other features include: Insulated concrete foundation, Two layer roof system to reduce the chance of leakage and keep the building cooler in the summer months, porch structure built almost entirely from pressure treated lumber, all new plumbing and wiring and has a complete sprinkler system. Three 2 bedroom units, two studio units and a third floor 3 bedroom penthouse apartment with tremendous views of downtown and beyond. The financial numbers speak for themselves and currently are at a CAP RATE of 11 plus.

Property Details of 186 Elliot Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Map Location

Driving Directions

Broker Reciprocity

Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 18, 2019.

 

 

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: