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22 Chestnut St 4 Unit Apartment Building $425,000 ($106,250/Unit) 13% Cap Rate Brattleboro, VT 05301
Investment Highlights
- Four individually deeded condo units sold as a package
- Three units rented; one large unit mid-renovation
- Three fully furnished units with dedicated storage
- Approx. $7,000+ monthly gross income at market rents
- Value-add upside through interior and system updates
- Strong location with multiple exit strategies available
Executive Summary
This 4-Unit Condo Portfolio | Value-Add | VT
• 4 individually deeded condo units sold as a package
• Approx. $7,000+/month gross income
• 3 units rented, 1 large unit mid-renovation
• Value-add opportunity: opportunity for updates, including electrical modernization, heating systems & updating interior
• 3 Fully furnished units
• Dedicated storage for each unit (bikes, skis, tools, equipment)
• Strong location near downtown, hospital, ski areas, and I-91
• Lot may support additional dwelling according to town planner (buyer to verify)
• Multiple exit strategies: hold, renovate & raise rents, sell units individually, or owner-occupy one unit
Southern Vermont
Offered at $425,000
Buyers agents welcome
*Note-Unit #3 is not rented and will require renovation. The rental income below is estimated according to market value.
• 4 individually deeded condo units sold as a package
• Approx. $7,000+/month gross income
• 3 units rented, 1 large unit mid-renovation
• Value-add opportunity: opportunity for updates, including electrical modernization, heating systems & updating interior
• 3 Fully furnished units
• Dedicated storage for each unit (bikes, skis, tools, equipment)
• Strong location near downtown, hospital, ski areas, and I-91
• Lot may support additional dwelling according to town planner (buyer to verify)
• Multiple exit strategies: hold, renovate & raise rents, sell units individually, or owner-occupy one unit
Southern Vermont
Offered at $425,000
Buyers agents welcome
*Note-Unit #3 is not rented and will require renovation. The rental income below is estimated according to market value.
Property Facts
| Price | $425,000 | Building Class | C |
| Price Per Unit | $106,250 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 13% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1885 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RD - Residential District | ||
| Price | $425,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 13% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1885 |
| Opportunity Zone |
Yes |
| Zoning | RD - Residential District |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Double Pane Windows
- Garden
- Lawn
- Mud Room
- Office
- Pantry
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 081-025-18040 | Improvements Assessment | $124,560 |
| Land Assessment | $0 | Total Assessment | $124,560 |
Property Taxes
Parcel Number
081-025-18040
Land Assessment
$0
Improvements Assessment
$124,560
Total Assessment
$124,560
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22 Chestnut Street Enterprise
22 Chestnut St
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