9 River Street

Fair Haven, VT 05743

$319,900
Price
8
Beds
5
Baths
3,220 Sq. Ft.
$99 / Sq. Ft.
3,220
Sq. Ft.
$99
per Sq. Ft.

Description

Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own...Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you’re expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.
  1. Listed by Hughes Group Team • Casella Real Estate

Property Details for 9 River Street

Zoning
unknown
LISTING UPDATED: 11/15/2024 04:46 PM

Property Details for 9 River Street

StatusActive
MLS #5022191
Days on Market34
Taxes$4,855 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1885
Lot Size0.37 AC / 16,117 SF
CountyRutland County

Building Information for 9 River Street

Stories2Residences5Year Built1885Building Size-Lot Size0.37 AC / 16,117 SF

Property Information for 9 River Street

Summary
Location and General Information
  • City: Fair Haven
  • County: VT-Rutland
  • Latitude: 43.591387688104838
  • Longitude: -73.263451271163945
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05743
Taxes and HOA Information
  • SPAN Number: 216-070-10122
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 16117.0
  • Lot Features: Level
  • Lot Size Acres: 0.37
  • Square Feet Apx Finished Above Grade: 3220.0
  • 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: 4830.0
  • Square Feet Apx Total Finished: 3220.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 1610.0
  • Square Feet Apx Unfinished BG Source: Other
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1885
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Telephone Available
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roads: Paved, Public
  • Roof: Membrane
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Total Full Baths: 5
  • Heat Fuel: Oil
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $53,400.00
  • Net Income: $32,168.00
  • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $21,232
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 2
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rental Amount: $1,000.00
  • Unit 1 Tenant Pays: Electric
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $900.00
  • Unit 2 Tenant Pays: Electric
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Style: efficiency
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $650.00
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rental Amount: $1,000.00
  • Unit 4 Tenant Pays: Electric
Unit 5
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Lease Term: Annual
  • Unit 5 Rental Amount: $900.00
  • Unit 5 Tenant Pays: Electric

Property History for 9 River 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 9 River Street

Taxable ValueLand$16,000Additions$146,800Total$162,800
Home Facts
Lot Size16,117 SqFtStyleOffice BuildingCountyRUTLANDAPN(070) 245213

Schools near 9 River Street

Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Fair Haven Grade School
PublicPK to 6

Fair Haven Uhsd #16
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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9 River Street is a multi-family home for sale in Fair Haven, VT 05743. This property was listed for sale on November 13, 2024 by Casella Real Estate, it's currently listed at $319,900. It has been on the market for a total of 34 days and was last sold on November 30, 2020. Nearby schools include Fair Haven Grade School and Fair Haven Uhsd #16. 9 River Street is a 8-bed, 5-bath, 3,220 sqft multi-family home built in 1885.

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 Casella 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 12/18/2024 04:12 AM