Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358

Active

73 South Main Street

Waterbury VT, 05676

$4,595,000


$277.17 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

July 13, 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


Garage

No


Parking

Off Street


View

No


Pool

No


Buyer Agency Compensation

2.5%

Exclusive Listing Agents

Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358

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