Multi-Family for Sale: 50-52 Gorham Bridge Road, Proctor, VT 05765

5 beds
3,294 sqft
$325,000
$325,000
50-52 Gorham Bridge Road, Proctor, VT 05765
5 beds
3,294 sqft
$325,000
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Price:
$325,000
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Family
Beds 5
Square Feet 3,294 sqft
Lot Size 0.68 acres
Year Built 1920
Taxes Paid $3,669
City Proctor
County Rutland
MLS 5013870
Status Active
DOM 8 days
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heat Source Oil
Heating Baseboard
Sewer Public
Tax Year 2023
Taxes Paid $3,669
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description View
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 4 Baths 1
Unit 4 Bedrooms 1

Price History of 50-52 Gorham Bridge Road

Date Name Price Difference
09/11/2024 Listing Price $325,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 50-52 Gorham Bridge Road, Proctor, VT

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Photo of Paula Filias
Paula Filias
Realtor
Direct: 978-479-0157
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by 3GEN Real Estate Inc, Michael Gilman
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1.1291507692308%
6.75%
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50-52 Gorham Bridge Road (MLS #5013870) is a multi-family listing located in Proctor, VT. This multi-family listing is 3,294 sqft and on a lot of 29,621 sqft (or 0.68 acres) and is 104 years old. This property was listed on 09/11/2024 and has been priced for sale at $325,000.

Nearby zip codes are 05701, 05733, 05744 9857, 05744 and 05763. This property neighbors other cities such as Chittenden, Pittsford, Rutland City, Rutland Town and West Rutland.

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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.

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Listing information courtesy of: 3GEN Real Estate Inc

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 09/19/2024