34 Union Street Springfield VT 05156 Multi Family $290,000

$290,000 | $108 per sq.ft. A 4 Unit Multi Family Home, in Springfield VT With 4 - One Bedroom Units MLS# 5028828

Listed by Michael Gilman 3GEN Real Estate Inc on February 7th 2025
34 Union Street Springfield VT 05156

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: 1 Baths: 1 Rooms: 3 Sq.Ft.: 672	UNIT 2 INFORMATION Beds: 1 Baths: 1 Rooms: 3 Sq.Ft.: 672	UNIT 3 INFORMATION Beds: 1 Baths: 1 Rooms: 3 Sq.Ft.: 672	UNIT 4 INFORMATION Beds: 1 Baths: 1 Rooms: 3 Sq.Ft.: 672

CONSTRUCTION

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

LAND LOT INFORMAITION

Lot Description: Corner
Lot size: 0.1 acres
Zoned: High Dens. Res
Surveyed: Unk
Flood Zone: No
Road Frontage: 100
Driveway: Gravel

PROPERTY INFORMATION

Taxes $4,089

AREA INFORMATION

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