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85-87 Main St 10 Unit Apartment Building $848,000 ($84,800/Unit) 10.43% Cap Rate Fair Haven, VT 05743
EXECUTIVE SUMMARY
Great investment opportunity , 9 one bedroom units and a commercial space , 100 % occupancy , long rental history
Gross yearly income is $132,900 and the net Income is $88,450 with potential for more rent increases , building is a 4 story brick building in a great shape with all mechanicals in a great shape no differed maintenances
located in downtown Fair Haven minutes to lakes and ski areas .
Gross yearly income is $132,900 and the net Income is $88,450 with potential for more rent increases , building is a 4 story brick building in a great shape with all mechanicals in a great shape no differed maintenances
located in downtown Fair Haven minutes to lakes and ski areas .
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$124,800
|
$13.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,800
|
$13.00
|
| Taxes |
$10,719
|
$1.12
|
| Operating Expenses |
$34,600
|
$3.60
|
| Total Expenses |
$45,319
|
$4.72
|
| Net Operating Income |
$79,481
|
$8.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $124,800 |
| Annual Per SF | $13.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,800 |
| Annual Per SF | $13.00 |
| Taxes | |
|---|---|
| Annual | $10,719 |
| Annual Per SF | $1.12 |
| Operating Expenses | |
|---|---|
| Annual | $34,600 |
| Annual Per SF | $3.60 |
| Total Expenses | |
|---|---|
| Annual | $45,319 |
| Annual Per SF | $4.72 |
| Net Operating Income | |
|---|---|
| Annual | $79,481 |
| Annual Per SF | $8.28 |
PROPERTY FACTS
1 1
PROPERTY TAXES
| Parcel Number | 216-070-10813 | Total Assessment | $374,700 |
| Land Assessment | $36,000 | Annual Taxes | $10,719 ($1.12/SF) |
| Improvements Assessment | $338,700 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
216-070-10813
Land Assessment
$36,000
Improvements Assessment
$338,700
Total Assessment
$374,700
Annual Taxes
$10,719 ($1.12/SF)
Tax Year
2024
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85-87 Main St
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