73 South Main Street

Waterbury, VT 05676

$4,495,000
Price
Beds
20
Baths
16,578 Sq. Ft.
$271 / Sq. Ft.
16,578
Sq. Ft.
$271
per Sq. Ft.

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...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.
  1. Listed by Smith Macdonald Group • Coldwell Banker Carlson Real Estate

Property Details for 73 South Main Street

Parking
Off Street
Zoning
Downtown Comm
LISTING UPDATED: 09/05/2024 05:16 PM

Property Details for 73 South Main Street

StatusActive
MLS #5002132
Days on Market145
Taxes$45,925 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2004
Lot Size0.86 AC / 37,461 SF
CountyWashington County

Building Information for 73 South Main Street

Stories2Residences20Year Built2004Building Size-Lot Size0.86 AC / 37,461 SF

Property Information for 73 South Main Street

Summary
Location and General Information
  • Area Description: Historic District, In Town, Near Shopping, Village
  • City: Waterbury
  • County: VT-Washington
  • Directions: Heading south on Route 100 in Waterbury, take the 2nd right at the roundabout. In 0.5 miles, 73 South Main is on the right across from Kinney Drugs.
  • Latitude: 44.334900564318723
  • Longitude: -72.753963525131240
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05676
Taxes and HOA Information
  • SPAN Number: 696-221-11632
  • Tax - Gross Amount: $45,925.00
  • Tax Year: 2024
  • Taxes TBD: No
School Information
  • School - District: Washington
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 37462.0
  • Lot Features: City Lot, Condo Development, Level, Major Road Frontage, Sidewalks
  • Lot Size Acres: 0.86
  • Square Feet Apx Finished Above Grade: 16578.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 22691.0
  • Square Feet Apx Total Finished: 16578.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 6113.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Yes
  • Foundation: Concrete, Slab - Concrete
  • PreConstruction: No
  • Surveyed: Yes
  • Year Built: 2004
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Underground Utilities
  • Total Electric Meters: 20
  • Separate Utilities: Varies
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Color: Yellow
  • Construction Materials: Wood Frame, Brick Veneer Exterior, Vinyl Siding
  • Roads: Paved, Public
  • Roof: Metal
  • Total Ranges: 20
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 20
  • Heat Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 20
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $411,265.00
  • Net Income: $331,648.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $33,692
Multi-Family Information
  • Total Units: 20
  • Total 1 BR Units: 6
  • Total 2 BR Units: 8
  • Total 3+ BR Units: 6
Rental
Rent Information
  • Total Leases: 20

Property History for 73 South Main 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 73 South Main Street

Taxable ValueLand$234,000Additions$1,691,600Total$1,925,600
Tax Record2023$45,868 ($3,822 / month)
Home Facts
Lot Size37,462 SqFtStyleMulti-Family Res (5+ Units)ZoningCACountyWASHINGTONAPN(221) 916-0073V

Schools near 73 South Main Street

This home is within Harwood Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 6
Public - 5 to 8
Public - 7 to 12
Rating
School
Distance
Thatcher Brook Primary School Usd #45
PublicPK to 4

Waitsfield Elementary School
PublicPK to 6

Crossett Brook Middle School Usd #45
Public5 to 8

Harwood Uhsd #19
Public7 to 12

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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73 South Main Street is a multi-family home for sale in Waterbury, VT 05676. This property was listed for sale on June 25, 2024 by Coldwell Banker Carlson Real Estate, it's currently listed at $4,495,000. It has been on the market for a total of 145 days and was last sold on January 27, 2020. This listing's school district is Harwood Unified School District. Nearby schools include Thatcher Brook Primary School Usd #45, Waitsfield Elementary School and Crossett Brook Middle School Usd #45. 73 South Main Street is a 0-bed, 20-bath, 16,578 sqft multi-family home built in 2004.

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 Coldwell Banker Carlson Real Estate

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 11/17/2024 04:51 PM