Price Reduced 2.18%

$4,495,000 ($271.14 per sqft)

Est. Mortgage $22,141/mo *

Quick Pre-Approval

Listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate Phone: 802-253-7358


Price History

$4,595,000
6/25/2024

$4,495,000
9/5/2024


73 South Main Street, Waterbury, VT, 05676

73 South Main Street, Waterbury, VT, 05676

0 beds

20 Full baths

2004

Apartment Building, Multi-Family

16,578 sqft

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.


Status:

Active

Type:

Multi-family

Units:

20

Zoning:

Downtown Comm

Heating:

Baseboard, Hot Water

Cooling:

None

Basement:

Unfinished

Parking:

Off Street

Acreage:

0.86

Est. Taxes:

$45,925

Lot Description:

City Lot,Condo Development,Level,Major Road Frontage,Sidewalks

School District:

Washington

MLS #:

5002132


Community Info

School Info

Walk Score

Mass Transit

Yelp