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$249,000
Multi Family Home | $78 sqft
3 Unit Multi Family Home,
30 Pearl Street Springfield VT
With 3 - Two Bedroom Units
| MLS# 5035882 -
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Listed by Daire Gibney Barrett and Valley Associates Inc. on April 11th 2025
DESCRIPTION
Prime Multi-Family Investment Opportunity in Springfield! With the recent annoucment of a $10mm develpment of the nearby hospial and mill builing complex you wont want to miss this exceptional income property near downtown Springfield, perfect for investors seeking both profitability and location this is up and coming Vermont Town. This three-unit building combines modern updates with accessibility to downtown amenities, ideal for attracting long-term tenants. The property features three 2 bedroom units. Units 1 and 2 have received significant updates enhancing both aesthetics and functionality. Unit 3, a spacious addition built in 2010, features a large eat-in kitchen with tile floors, two bathrooms, and independent heating and electrical systems. Recent upgrades include new energy-efficient heating systems and in-unit washer/dryers in all units, adding comfort and convenience. Comprehensive renovations in Unit 3 and stylish updates in Units 1 and 2 ensure a turnkey experience for incoming owners. Located steps from Springfield's lively riverfront, close to the hospital, a contemporary movie theatre, and a co-op grocery store, the area is well-served by public transport, enhancing tenant commute and lifestyle. This property stands out with its solid rental history and potential for future rent increases, thanks to ongoing demand in this desirable area. A stellar investment opportunity awaits in the heart of Springfield.
Gross Income : $49800
Net Income: $ -
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CONSTRUCTION
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Wood Frame | Vinyl Siding Year Built: 1886
No. of Floors: 2
Total Sq.Ft. Finished: 3198
Above Grade Sq.Ft.: 3198
Price Per SQ.FT.: $77.86
Basement: Concrete Floor
Foundation: Slab - Concrete
Heating: Propane
Cooling: None
Electric: 100 Amp
Utilities: Cable - Available
Electric Meters:
Style: Multi-Family
Roof: Metal
Water: Public
Sewer: Public
Garage And Parking: Parking Spaces 3 - 5
Seasonal: No
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LAND INFORMATION
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Level | In Town | Near Hospital | Near School(s)
Lot size: 0.4 acres
Zoned: res)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel
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ADDITIONAL INFORMATION
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Taxes $3,983 | Assesed Value $0 in
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AREA INFORMATION
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School District: Springfield School District
Elementary School: Union Street School
Middle School: Riverside Middle School
High School: Springfield High School -
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Data last updated April 19th, 2025
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