Multi-Family for Sale: 16 Franklin Street, Brandon, VT 05733

9 beds
4 full baths
4,320 sqft
$699,000
$699,000
16 Franklin Street, Brandon, VT 05733
9 beds
4 full baths
4,320 sqft
$699,000
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Price:
$699,000
$101,000 - 07/03/2024

Type Multi-Family
Style Multi-Family
Beds 9
Total Baths 4 full baths
Square Feet 4,320 sqft
Lot Size 0.41 acres
Year Built 1880
Taxes Paid $3,402

City Brandon
County Rutland

MLS 5003027
Status Active
DOM 136 days
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

Utilities Cable
Construction Wood Frame
Cooling None
Heat Source Gas - LP/Bottle
Heating Baseboard
Sewer Public
Tax Year 2023
Taxes Paid $3,402
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description Sidewalks
Roof Shingle - Asphalt, Slate
Garage No

Unit Features

Unit 1 Baths 2
Unit 1 Bedrooms 4
Unit 1 Rental Amount 3000.00
Unit 1 Rental Amt Freq Monthly
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Rental Amount 1650.00
Unit 2 Rental Amt Freq Monthly
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Rental Amount 1650.00
Unit 3 Rental Amt Freq Monthly

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.

Map of 16 Franklin Street, Brandon, VT

Location Map Street View
Photo of Tristan Swanson
Direct: 207-337-3008
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Flex Realty, Flex Realty Group & Chris Williams
$
20%
0.48682689556509%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

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.

Nearby zip codes are 05735 and 05763. This property neighbors other cities such as Goshen, Hubbardton, Leicester, Pittsford and Sudbury.

PrimeMLS

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