Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an “as is” 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ 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. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property
Lot & Building Features
UtilitiesCable
ConstructionVinyl Siding, Wood Frame
CoolingNone
Heat SourceOil
HeatingBaseboard, Forced Air
SewerPublic
Tax Year2023
Taxes Paid$5,135
WaterPublic
Basement DescriptionFull
FoundationStone
Lot DescriptionSidewalks
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 2 Baths1
Unit 2 Bedrooms2
Unit 3 Baths1
Unit 3 Bedrooms4
Unit 4 Baths1
Unit 4 Bedrooms3
Price History of 66-68 South Street
Date
Name
Price
Difference
09/11/2024
Listing Price
$395,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
66-68 South Street (MLS #5013869) is a multi-family listing located in Proctor, VT.
This multi-family listing is 4,220 sqft and on a lot of 16,988 sqft (or 0.39 acres) and is 124 years old. This property was listed on 09/11/2024 and has been priced for sale at $395,000.
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.
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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 11/21/2024