This listing was posted on ListedBuy.
$449,999
Home For Sale In Rockingham, Vermont
Price:
$449,999
BR/BA:
9 BR, 3 BA
Location:
Alabaster, AL
Description:
Investor's dream for a fully turn-key cash-flowing property! Three large 3br 1ba units with separate pantry and dining rooms. Each apartment is easily convertible to 4br units and has a private balcony that spans the width of the building. Building is fully leased by a local company for their employees, so no challenges collecting sale. Tenant pays for all utilities including water and sewer (units are metered separately). Washer/dryer hookup in apt 1. Owner pays property taxes and insurance. The building has been fully renovated in 2020-2022 and includes: new vinyl siding, all new windows, all new appliances, all new heating systems (forced hot air furnace for unit 1 and in-wall propane systems for units 2 and 3), new hot water heaters, full electrical rewire and new panels; additional outlets were added in each apartment this past year and a new service outside is being completed now (fully paid for), updated plumbing, new flooring throughout, all new kitchens (cabinets, countertops, sinks) and SS appliances, new bathroom vanities and toilets, redone front and back hallways, new hardwired smoke and CO2 detectors. All 3 apartments are saleed at market rate and gross saleal income is $54, 000. Estimated NOI is over $45, 000/yr and includes a very conservative replacement cost of $1, 500 per unit. Professional management company can continue to manage property at 10% of sale but not required for purposes of the sale. Management company provides monthly and year end financials at For more details: /homes_vermont-r782087/for-sale_i66831858. Still available at ListedBuy!
Property Type:
Single-Family Houses
Amenities:
Patio/Deck, Washer Dryer
For sale by:
By Owner
Posted:
January 7 on ListedBuy
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More About this Listing: Home For Sale In Rockingham, Vermont
Home For Sale In Rockingham, Vermont is a 9 Bedroom 3.5 Bath Single-Family Homes for Sale in Alabaster AL. Find other listings like Home For Sale In Rockingham, Vermont by searching Oodle Classifieds for 9 Bedroom 3.5 Bath Single-Family Homes for Sale in Alabaster AL.
Home For Sale In Rockingham, Vermont is a 9 Bedroom 3.5 Bath Single-Family Homes for Sale in Alabaster AL. Find other listings like Home For Sale In Rockingham, Vermont by searching Oodle Classifieds for 9 Bedroom 3.5 Bath Single-Family Homes for Sale in Alabaster AL.