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INCOME PROPERTY: Charming 3036 SF three family home on 0.57 acre lot, located in the village of Norwich, Vt., abutting the Marion Cross School (Dresden School District), conservation land and trails. Convenient 5 minute walk to Dan and Whit's, P.O.,.5 miles to interstate, 1.6 to Dartmouth College and 3m. to DHMC. Home has Hard bld. exterior with combo asphalt and Iron roofs. There are 12 rooms total in the 3 units, with 2 level owner's unit (1352 SF) in renovated barn, which in addition to 2 bedrooms, has an office, small family room, 3 season sun porch, Soapstone fireplace, deck and garage. Ask for the information sheet which lists renovations, upgrades and income. Rentals have consistent income flow ($32100) and solid tenant history.
INVESTORS TAKE NOTE: large 7 bedroom home in the heart of Burlington. Grandfathered 7 bedroom rental permitted at this property. Sprinkler system, 3 floors, 2.5 baths. All appliances included. 2 porches. Ideal location minutes to Church Street and college campus. Low expenses, tremendous income. Expenses estimated.
Listed by Jacqueline Marino of RE/MAX North Professionals
STRONG INVESTMENT OPPORTUNITY-- "THE WEDGE" PRIME LOCATION-2 MILES TO THE KILLINGTON SKYSHIP AND UNDER ONE MILE TO PRISTINE WOODARD RESERVOIR! First time offered on market, RARE 4 UNIT property, one owner custom built, and over 30 years of successful rental income. This unique multi-family complex has been lovingly maintained. The home was mostly built with native Ash timbers from the land. It comprises of 2 upper 4 bedroom/ 2 bath units complete with open floor plan and living rooms with beautiful stone and brick custom made hearths and woodstoves. The two lower units include 2 bedrooms and 1 bath with open floor plan and hearths with woodstoves in living room. All units have great kitchen space and hand created custom breakfast bars. Enjoy catching trout and wading in the owned frontage on beautiful Madden Brook with a sweet homemade cabana with deck overlooking the brook. Loads of state forest around for hiking! Anyone looking for a fabulous rental investment property, here it is! WSR rental income for 3 units is $27K annually. Owner uses 4th unit exclusively for their usage. Short term rental potential on this property could be huge. Must see today, will not last! Excellent opportunity minutes away from world class skiing, golf and the Plymouth Lakes.
Listed by Marni Rieger of Peak Property Real Estate
The ideal home for entertaining and earning extra income, this spacious tri level offers sweeping mountain views and is just 5 miles to Smugglers' Notch Resort. The custom built great room features a cathedral ceiling with exposed beams and lots of windows that bathe the room in light. You'll love cooking in the upgraded kitchen with maple cabinets, stainless appliances, and ample counter space overlooking the living and dining room with sliders to the back deck. An open loft space is tucked behind a curved wall and could be used as a home office, craft area, or yoga space. The private master retreat is just the spot to unwind after a long day - draw a bath in the jetted tub or sit on the balcony with an evening cup of tea. Two sizable guest bedrooms share an updated full bath on the 2nd level. Head down the hall to the brand new in-law suite that provides a separate space for guests or an opportunity for a rental or Airbnb. The peaceful outdoor space will be the envy of all your friends with 2 large decks surrounding the pool, and plenty of yard space to play or sit by the fire and admire the mountain view.
Owner occupied well-maintained triplex in Barre Town on dead end road. Current rental net income is $16,400. Electric is provided by 2 large solar panels located on the property. All units are occupied and on a month to month leases. Triplex is located on 5.72 acres with views of Camels Hump and the Green Mountains. Enjoy beautiful sunsets, open fields, gardening, and a private setting with a convenient location to shopping, schools, I-89, and Barre City.
Listed by Lucas deSousa of C-21 Jack Associates - Waterbury
Spectacular Charlotte Vermont opportunity just west of Route 7 for enjoyment as a primary residence with a detached accessory dwelling, commercial rental space potential below the accessory dwelling or a fantastic home occupation space heated and insulated. Take note woodworkers, artists and craftsman. Offset your carrying costs with rental income opportunity or use the whole spread and detached dwelling for extended family and friends. All this in luxurious Charlotte between Burlington and Middlebury for the price of just one home, twice the pleasure. House hack your way to Chittenden County heaven close to Shelburne, Lake Champlain and all that you dream. Level lot, garden potential, 2000 3BR+1BR Apt septic, WW Permit 4-1468. Some improvements likely needed for rental property conformance.
Listed by Clayton-Paul Cormier, Jr. of Maple Sweet Real Estate
This home is a duplex with extra acreage for agriculture options or possible subdivision with town approval. Shed, huge external garage which can fit an RV plus upstairs storage, 3 decks and 18' above ground pool space... . House #1 (Original house built in 1979) Split -level ranch with large windows. Upstairs has 3 bedrooms with full bath, walk in closets, pantry and open concept kitchen, living, dining area. 12' x 12' deck off the dining room. Downstairs ahs 2 full bedrooms, full bath with washer & dryer hook-ups, pantry and garage (1 bay for parking, one for storage/ working). House #2 (built in 2008) Upstairs has master bedroom with master bath (including custom tiled walk0in shower and granite floors, walk- in pantry, open concept kitchen, liing and dining. Large picture window and 2nd full bathroom with washer and dryer and granite tile floors. Downstairs has additional room, craft room and craft studio that can be converted back to 2 car garage. Walk out basement. Enjoy the landscaped property with flower gardens, shrubs, organic egtable garden and even a manmade pond all on 10.2 acres (about 7 acres of forest) with amazing mountain, sunrise and sunset views!
Located in a desirable country neighborhood with wildlife sightings this amazing 2-unit property is a rare find. Peaceful yard, 1.08 acres, deck, woodshed and a 3 car garage are just a few of the 'extra' features. Perfect set up to Owner Occupy or can be a rental investment, both units are Fire and Safety compliant. Versatile space (see attached floor plan) however currently Unit 1 (main house) is comprised of 2 bedrooms, 1 1/3 bath, 2 dens, fireplaced living room, spacious eat-in kitchen, family room with wood stove, storage room, deck and an attached 2 car garage. Unit 2 is a light and bright 1 bedroom unit with balcony and garage. Big ticket items have been completed within the last 4 years, to include extensive Fire & Safety improvements, roof, wood stove chimney liner & both furnaces have been replaced. See attached improvement list for more details. Plenty of on-site parking. Close to I-89, Wal-mart, the Country Club and amenities. Fabulous opportunity for someone, don't pass this one by!
Nicely maintained two unit property. Separate utilities payed by tenants. Recently installed furnace in lower apartment. Low maintenance vinyl siding. Plenty of off street paved parking. 2 car garage currently not included in lease for tenant's use. Washer dryer in each unit. Convenient Colchester location near downtown work centers, St Mike's College and UVM.
Enjoy the spa-like vibe of this fantastic updated & renovated light-filled, open concept home with attached updated studio apartment that could easily be converted to a master bedroom suite. With being just a stone's throw to both 5 Corners and Maple Street Park & Pool the location couldn't be any better. The property boasts a wonderful fully fenced large yard, airy and roomy bathroom, finished space in the basement complete with blackboard paint on two walls for the artist in the family, on-demand heat and hot water, and updated electrical. You'll appreciate the stunning hardwood floors in the living & dining rooms and the half bath on the first floor! Best of all if you wanted a third bedroom the apartment could easily become a master suite!
Don't miss this charming, well-maintained Duplex with separate utilities in the heart of the Essex Junction just blocks from Five Corners. Each unit offers 2 bedrooms, large living spaces, storage, laundry hook-ups and exterior decks. Tenants enjoy ample off-street parking plus a lovely yard with flowering trees and space to garden. Perfect for investors or owner-occupiers. Super convenient location with easy access to schools, restaurants, Global Foundries and all Village amenities.
Listed by Steve Lipkin of Coldwell Banker Hickok and Boardman
This home is currently owner-occupied with accessory apartment. Zoned R-2 could be excellent rented property. Owners unit has 3 bedrooms and 2 baths plus additional studio apartment w/ 3/4 bath currently rented for $750. Great return on investment. Master bedroom includes huge walk-in closet and adjacent room with laundry hookups. 2 full baths in this unit! Needs some cosmetic improvements. Has new roof and owner's unit has newer appliances and windows.
Listed by Brian French of Brian French Real Estate
Duplex and 50 tie stall dairy barn and 10 acres of tillable river bottom farm land. New Septic and surveyed lot. So many possibilities... Dairy cows, beef or horses, this property will work for for any of them
Listed by Dianna Benoit-Kittell of KW Vermont/St. Albans
Don't miss out on this unique opportunity! 2 bedroom & 1 bath side by side townhouse units, separate utilities, rent one unit and live in the other. Great building for sweet equity, needs TLC, private yard, and plenty of parking. Walk to Lake Champlain and bike path. Just minutes to Church Street Market Place & UVM Medical Center. Vacant and ready for occupancy.
Historic Federal house on beautiful Park St. Just a short walk to downtown stores and services. The property is in great shape and is currently a 3 unit rental. The front downstairs apartment is big enough to be a primary residence with two auxiliary apartments, or easily converted to a 2-story residence plus a back apartment for extra income. 3-car attached garage underneath the back apartment. The back of the property borders the "pond" on the Neshobe River. Nice level lawn beside the house that sits back from the street.
This remarkable 4 unit in the heart of Barre City is an investor's dream. All electrical is up to code, heating equipment maintained annually, ,electricity, boilers, and tanks individually metered. Easy walking distance to downtown.
Listed by Winston Churchill Jr of William Raveis Barre
Charming two family Manchester home is conveniently located near the historic Depot district. The property has been renovated by a local builder. The first floor unit has new carpeting, a spacious eat in kitchen, 2 bedrooms, full bath, additional room for home office, and patio. The second floor unit has a large living room and kitchen with a breakfast bar/pass thru between, bedroom, full bath and additional room. Each unit has it's own heating system and electric meter.
Listed by David Citron and Julie Citron of RE/MAX Four Seasons
Here is a mansard style 3 story home right "on the hill" in St. Johnsbury - walking distance to St. Johnsbury Town School and to St. Johnsbury Academy. The owners have lived on the first two floors and rented out the 3rd floor to the same person the whole time they have owned the house - 15 years. The house has had many improvements in the past few years to include new kitchens and bathrooms, new wiring, energy efficiency upgrades, nearly all new windows, and lots of fresh paint. The owners unit has 8 rooms with 4 - 5 bedrooms and 1.5 baths on the first 2 floors. The 3rd floor rental has 5 rooms, 2 bedrooms, and 1 bath. There is garage space for 4 cars with a 3 car attached garage and a 1 car detached. Check out this unique property that helps pay for itself.
This updated and extremely profitable 3 unit apartment building is THE next piece to your investing puzzle - regardless if you are planning to owner occupy or own as a straight investment property. These numbers are out of this world, when fully leased out it can earn over $1,000/month. This is a 24% cash on cash return on your investment! Cap rate is over 12%! Try finding these types of returns on any other investment. As an owner-occupied income property, with the right low down payment mortgage program, you could live for free! Just think of how much cash you can save by living for free. This property has amazing historical performance and current owner has indicated they have had little problem finding renters. No detail has been overlooked as this property has been renovated to make ownership headache free for future owners. Renovations of each unit are now complete and units 1 & 2 are now listed for rent. Ease of ownership throughout with convenient updated vinyl windows, new carpet, updated appliances and countertops in unit 1, the spacious, coveted 2 BR apartment. This unit also features washer/dryer hook ups and a jetted tub. It's the crown jewel of this property and is currently listed for rent at $1,150/month. Unit 2 is listed for rent at $775. This apartment building has been converted to efficient natural gas heat - and with heat and hot water included in the rent. Each unit has good storage and tenant pays for electricity, trash and cable/internet.
Listed by Ashley St. Gelais and Barbara Trousdale of Preferred Properties
Beautifully restored village home, currently being used as a two unit rental. The large first floor is open, spacious and tastefully renovated. There are 3 bedrooms, a living room, sweet sitting area and the rooms go on and on. Great island in the kitchen with a granite counter top. So much space, truly a must see to appreciate. The upstairs is a very sweet two bedroom unit with a full kitchen, living room and 3/4 bath. There is a large barn which can be used for studio space if the buyer desires. Babbling brook in the back yard and a small amount of land to garden on. Walking distance to a general store, post office or library. The location is perfect for access to Wilmington or the Mount Snow region. Here is your ski home with a tenant upstairs to watch over your home while you are away. Very decent income to supplement the mortgage.
Listed by Monica Sumner of BHG Masiello Brattleboro
Solid 4-unit apartment building with excellent rental history. Each apartment has its own storage room. Gross income includes approximately $2,700 revenue from coin-op washer and dryer. Estimated NOI of $20,000+/- could be greater with hands-on property management. Desirable country location convenient to Rutland, Middlebury, Burlington. Affordable investment opportunity!
Listed by Betsy Reddy of Coldwell Banker Watson Realty/Rutland
Nicely renovated City duplex with 1st and 2nd floor two-bedroom apartments. Upscale first floor owner's unit has refinished hardwood floors in formal living and dining rooms, beautifully renovated full bath, kitchen with stainless steel appliances, double sinks, tile counters and back splash, and bright and cheery family room with 3/4 bath. Walk-out lower level has a paneled game/recreation room, den and dedicated space for organizing your ski or other recreational equipment. Second floor unit has formal living and dining rooms, light-filled kitchen with all appliances, family room and full bath. Vinyl siding, newer replacement windows, new roof 2014. Fabulous location convenient to nearby supermarket, library, and walking neighborhoods, as well as downtown shopping, restaurants and entertainmnent.
Listed by Betsy Reddy and Carol McQuate of Coldwell Banker Watson Realty/Rutland
Perfect opportunity for an owner occupant property. This 2 unit property has been meticulously maintained by the owner. It is close to playground, schools and downtown. Each unit has 2 bedrooms and separate utilities. There may be room for expansion on the third floor or 2nd and 3rd floor could be combined to give more living space. Lots of outside space, beautiful gardens and the home is quite handsome inside and out.
n town location, Hartford Village. Most of the systems have been updated. Vinyl Siding, Standing seam roof, updated and separated electrical systems for each unit. Newer Bodarus Boiler, with newer Oil tank.
Listed by Patricia Greene of Coldwell Banker LIFESTYLES - Hanover
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