Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!
Lot & Building Features
UtilitiesCable
ConstructionWood Frame
CoolingNone
Heat SourceGas - LP/Bottle
HeatingBaseboard
SewerPublic
Tax Year2023
Taxes Paid$3,402
WaterPublic
Basement DescriptionUnfinished
FoundationStone
Lot DescriptionSidewalks
RoofShingle - Asphalt, Slate
GarageNo
Unit Features
Unit 1 Baths2
Unit 1 Bedrooms4
Unit 1 Rental Amount3000.00
Unit 1 Rental Amt FreqMonthly
Unit 2 Baths1
Unit 2 Bedrooms3
Unit 2 Rental Amount1650.00
Unit 2 Rental Amt FreqMonthly
Unit 3 Baths1
Unit 3 Bedrooms2
Unit 3 Rental Amount1650.00
Unit 3 Rental Amt FreqMonthly
Price History of 16 Franklin Street
Date
Name
Price
Difference
07/03/2024
Price Adjustment
$699,000
12.63%
06/29/2024
Listing Price
$800,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
16 Franklin Street (MLS #5003027) is a multi-family listing located in Brandon, VT.
This multi-family listing is 4,320 sqft and on a lot of 17,860 sqft (or 0.41 acres) with 9 bedrooms, 4 baths and is 144 years old. This property was listed on 11/04/2024 and has been priced for sale at $699,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Flex Realty
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/12/2024