Brandon VT Multi Family for Sale
$699,000
16 Franklin Street Brandon, VT 05733
- Type:
- Multi-Family
- Sq.Ft.:
- 4,320
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.41 Acres
- Year built:
- 1880
- Baths:
- 4.00
- MLS#:
- 5003027
ADDITIONAL INFORMATION
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!
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Brandon Real Estate
The median home value in Brandon, VT is $266,000. This is lower than the county median home value of $268,600. The national median home value is $338,100. The average price of homes sold in Brandon, VT is $266,000. Approximately 66.94% of Brandon homes are owned, compared to 19.55% rented, while 13.52% are vacant. Brandon real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Brandon real estate agent to arrange a tour today!
Brandon, Vermont has a population of 4,092. Brandon is less family-centric than the surrounding county with 20.45% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in Brandon, Vermont is $61,653. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Brandon is 49.4 years.
Brandon Weather
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 9.1 degrees. The average rainfall is approximately 40.5 inches per year, with 70.8 inches of snow per year.