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$290,000
Multi Family Home | $108 sqft
4 Unit Multi Family Home,
34 Union Street Springfield VT
With 4 - One Bedroom Units
| MLS# 5028828 -
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Listed by Michael Gilman 3GEN Real Estate Inc on February 7th 2025
DESCRIPTION
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.
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UNIT 1 INFORMATION
Beds: 1Baths: 1Rooms: 3Sq.Ft.: 672
UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 3Sq.Ft.: 672
UNIT 3 INFORMATION
Beds: 1Baths: 1Rooms: 3Sq.Ft.: 672
UNIT 4 INFORMATION
Beds: 1Baths: 1Rooms: 3Sq.Ft.: 672 -
CONSTRUCTION
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Clapboard Exterior Year Built: 1940
No. of Floors: 2
Total Sq.Ft. Finished: 2688
Above Grade Sq.Ft.: 2688
Price Per SQ.FT.: $107.89
Basement: Unfinished
Foundation: Stone
Heating: Forced Air
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Style: Colonial
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Seasonal: Unk
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LAND INFORMATION
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Corner
Lot size: 0.1 acres
Zoned: High Dens. Res)
Surveyed: Unk
Flood Zone: No
Road Frontage: 100
Driveway: Gravel
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ADDITIONAL INFORMATION
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Taxes $4,089 | Assesed Value $0 in
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AREA INFORMATION
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Data last updated February 22nd, 2025
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