Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an “as is” 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property

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Tax Information

Tax Year2023

Building

Year Built1900
Units4
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 3 Bath1
Unit 3 Bedrooms4
Unit 4 Bath1
# of 1 Bedrooms1
# of 2 Bedrooms1
# of 3+ Bedrooms2
BasementFull
FoundationStone

Basic Information

StatusPEN
List Price$395,000
Date Price Change09/11/2024
MLS Number5013869
MLS StatusPending

Property

Acreage0.39
Parking Spaces
Square Feet4,220
APX Fin AG Sqft4,220
Road Frontage100
RoadsPaved, Public

Amenities

PricePerSqFt93.6

Location

TownProctor
StateVT
Zip05765
CountyRutland
Zoningres
Flood Zone Y/NNo

Exterior

RoofShingle - Asphalt

Utilities

Heat FuelOil
Heat SystemBaseboard, Forced Air
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable

Other

Taxes$5,135.63
Seasonal Y/NUnknown
Date Listed09/11/2024
View Count3

Copyright 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 October 7, 2024 9:38 PM EDT

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