REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Michael Gilman • 3GEN Real Estate Inc
$ 290,000
Est. payment /mo
Active
34 Union ST Springfield, VT 05156
4 Beds
4 Baths
2,688 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $107
MLS Listing ID 5028828
Bedrooms 4
Full Baths 4
Construction Status Existing
Year Built 1940
Annual Tax Amount $4,089
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Well maintained 4plex located in a desirable quaint residential Springfield neighborhood with a NOI of $33,000 and listed at over a 11% cap rate. Featuring spacious 4x1br, and abundant off-street parking and driveway. This building has been recently renovated and updated, and 1 unit has been left vacant for a potential owner/occupant. A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 30 Union St, a 3plex next door (see MLS#467867) as discount. Listing Broker is a member of the LLC selling the property.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning High Dens. Res
Rooms
Basement Entrance Walkout
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Colonial
Construction Status Existing
