73 South Main Street Waterbury, VT 05676
Listing Courtesy of: PrimeMLS / Coldwell Banker Carlson Real Estate / Maggie Macdonald

  73 South Main Street Waterbury, VT 05676

Active (151 Days)
$4,495,000
16,578
SQFT

Description

Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investment—the projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.

MLS #:
5002132
Lot Size
0.86 acres
Type
Multifamily
Year Built
2004
Style
Multi-Family, Apartment Building
School District
Washington
County
Washington County

Listed By

Maggie Macdonald, Coldwell Banker Carlson Real Estate
Source
PrimeMLS
Last checked Nov 23 2024 at 3:23 PM GMT+0000
Bathroom Details
Lot Information
  • Sidewalks
  • Major Road Frontage
  • Level
  • Condo Development
  • City Lot
Property Features
  • Foundation: Slab - Concrete
  • Foundation: Concrete
Heating and Cooling
  • Hot Water
  • Baseboard
  • None
Basement Information
  • Unfinished
Exterior Features
  • Roof: Metal
Utility Information
  • Utilities: Underground Utilities, Cable
  • Sewer: Public Sewer
  • Fuel: Hot Water
Parking
  • Off Street
Stories
  • Two
Living Area
  • 16,578 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 05, 2024
Price Changed
$4,495,000
-2%
-100,000
Jun 25, 2024
Original Price
$4,595,000
-
-
Disclaimer: © 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 11/23/24 07:23