16 Franklin Street

Brandon, VT 05733

$699,000
Price
9
Beds
4
Baths
4,320 Sq. Ft.
$162 / Sq. Ft.
4,320
Sq. Ft.
$162
per Sq. Ft.

Description

Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for...Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!
  1. Listed by Flex Realty Group • Flex Realty
  2. Listed by Chris Williams • Flex Realty

Property Details for 16 Franklin Street

Zoning
res
LISTING UPDATED: 11/04/2024 04:51 PM

Property Details for 16 Franklin Street

StatusActive
MLS #5003027
Days on Market172
Taxes$3,403 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1880
Lot Size0.41 AC / 17,859 SF
CountyRutland County

Building Information for 16 Franklin Street

Stories2Residences3Year Built1880Building Size-Lot Size0.41 AC / 17,859 SF

Property Information for 16 Franklin Street

Summary
Location and General Information
  • City: Brandon
  • County: VT-Rutland
  • Latitude: 43.797422480482410
  • Longitude: -73.084417813491811
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05733
Taxes and HOA Information
  • SPAN Number: 078-024-10464
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 17860.0
  • Lot Features: Sidewalks
  • Lot Size Acres: 0.41
  • Square Feet Apx Finished Above Grade: 4320.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 5550.0
  • Square Feet Apx Total Finished: 4320.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 1230.0
  • Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1880
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Total Full Baths: 4
  • Heat Fuel: Gas - LP/Bottle
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $75,600.00
  • Net Income: $64,241.00
  • Operating Expense Incl: Insurance, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $11,359
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 0
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 4
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rental Amount: $3,000.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $1,650.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,650.00

Property History for 16 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Franklin Street

Taxable ValueLand$23,300Additions$107,100Total$130,400
Tax Record2023$3,403 ($284 / month)
Home Facts
Total Finished SqFt4,312 SqFtAbove Grade Finished SqFt4,312 SqFtStories1Lot Size17,860 SqFtStyleTriplexYear Built1880CountyRUTLANDAPN(024) 0086-0016

Schools near 16 Franklin Street

This home is within Otter Valley Unified School District.
Rating
School
Type
Grades
Distance
Neshobe School
Public - PK to 6
Otter Valley Uhsd #8
Public - 7 to 12
Leicester Central School
Public - PK to 6
Sudbury Country School
Public - K to 6
Rating
School
Distance
Neshobe School
PublicPK to 6

Otter Valley Uhsd #8
Public7 to 12

Leicester Central School
PublicPK to 6

Sudbury Country School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 Franklin Street, Brandon, VT 05733

16 Franklin Street is a multi-family home for sale in Brandon, VT 05733. This property was listed for sale on June 29, 2024 by Flex Realty, it's currently listed at $699,000. It has been on the market for a total of 172 days and was last sold on April 21, 2000. This listing's school district is Otter Valley Unified School District. Nearby schools include Neshobe School, Otter Valley Uhsd #8 and Leicester Central School. 16 Franklin Street is a 9-bed, 4-bath, 4,320 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Flex Realty

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 12/18/2024 02:14 AM